Question

Date Transaction Description Receipts Payments 1/1/2020 Cash deposit to start business $ 10,000.00 1/1/2020 Three month's...

Date Transaction Description Receipts Payments
1/1/2020 Cash deposit to start business $ 10,000.00
1/1/2020 Three month's rent $   2,400.00
1/1/2020 Cash register paid for $      450.00
1/1/2020 Store furniture paid for $   8,500.00
1/31/2020 Receipts for sales in January 2020 $   6,500.00
2/7/2020 Widgets supplied in January paid for $   4,500.00
2/25/2020 Cash withdrawn for your own expenses $   3,000.00
2/29/2020 Receipts for sales in February 2020 $   9,000.00
3/15/2020 Widgets supplied in February paid for $   6,000.00
3/16/2020 Store utility charges for Jan, Feb, Mar 2020 $      300.00
3/31/2020 Receipts for sales March 2020 $ 12,000.00
3/31/2020 Balance in bank on March 31st 2020 $ 12,350.00
$ 37,500.00 $ 37,500.00

The business buying and selling widgets. I need an income statement that covers the first quarter of 2020 and  What is the net surplus/loss of your business for the three months? Please, thank you

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