Using the following information, complete the income statement, statement of owner's equity, and balance sheet for MJ painting for the month of March 2024. The business began operations on March 1, 2024. (Click the icon to view the account balances.) Begin by preparing the income statement for MJ Painting for the month of March 2024. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) का Net Income Clear all Check answer Etext pages Calculator Ask my instructor resume

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.