Analyzing and reporting financial statement effects of transactions m. e. carter launched carter company, a professional services firm on march 1. the firm will prepare financial statements at each month-end. in march (its first month), carter executed the following transactions. a. carter (owner) invested in the company $300,000 cash and $60,000 in property and equipment. the company issued common stock to carter. b. the company paid $9,600 cash for rent of office furnishings and facilities for march. c. the company performed services for clients and immediately received $12,000 cash earned. d. the company performed services for clients and sent a bill for $72,000 with payment due within 60 days. e. the company compensated an office employee with $14,400 cash as salary for march. f. the company received $30,000 cash as partial payment on the amount owed from clients in transaction d. g. the company paid $2,805 cash in dividends to carter (owner). prepare an income statement for carter company for the month of march. do not use negative signs with your answers unless to indicate a net loss. carter company income statement for the month ended march 31 sale revenue answer 0 expenses rent expense answer 0 wage expense answer 0 answer 0 net income (loss) answer 0