Mailin Moon is a freelance writer who submits articles to various magazines and newspapers . She operates out of a small office where she employs one administrative assistant . The following activities occurred during March 2020 , her first month of business : a. Moon invested $2,500 worth of equipment into her business along with $ 3,000 cash . b. Submitted a series of articles to The Globe and Mail and received $6,500 cash. c. Purchased supplies on credit: $600. d. Paid the part-time administrative assistant's salary of $1,450. e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. f. Paid the rent for the first month$. g. Submitted an article to Report on Business, will receive $4,500 next month. 1. Prepare an income statement . Mailin Moon- Freelance Writing Income Statement For Month Ended March 31, 2020