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The account balances of SMK's Architectural Firm as of March 31, 2013 follow.
| Equipment | 44,800 | | Advertising expense | 3,135 |
| Rent expense | 3,700 | | Accounts payable | 5,800 |
| Office supplies | 2,630 | | Accounts receivable | 18,240 |
| Common stock | 45,000 | | Retained earnings | 28,250 |
| Cash | 37,725 | | Salaries expense | 12,380 |
| Notes payable | 52,725 | | Service revenue | 22,500 |
| Utilities expense | 1,125 | | Furniture | 20,590 |
| Investments | 16,600 | | Interest revenue | 6,650 |
Prepare an Income Statement for SMK's Architectural Firm for the month ending March, 31, 2013.
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