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On June 1, 2021. Pronghorn Corp was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: $15,600 $1,248 9,360 54,080 7,592 832 Cash Accounts receivable Accounts payable Bank loan payable Common shares Dividends declared Service revenue Supplies Equipment Interest expense Office expense Utilities expense Income tax expense 23.920 1.560 37,440 1.560 1,040 728 25,168 Salaries expense 5.928 Supplies expense 2.184 Prepare a statement of income for the month of June. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PRONGHORN CORP Statement of Income . $ . . $ These items are taken from the financial statements of Sandhill Corporation for the year ended December 31, 2021 Retained earnings, January 1 A Cash $ 215,000 10,900 3,000 2,000 60,500 14,500 Salaries payable Utilities expense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue 64.500 33,200 3.000 213,400 1,500 3.300 Prepaid insurance Repairs and maintenance expense Land Depreciation expense 173.000 6,200 Land 173,000 Depreciation expense 6,200 Accounts receivable 14,700 Insurance expense 2.700 Salaries expense 119,800 Accumulated depreciation-equipment 20,100 Income tax expense 6,000 Supplies 200 39.400 1,000 Operating expense Supplies expense Bank loan payable, due 2024 Trading investments 14,500 21,000 Accumulated depreciation-buildings 17.000 Interest expense 1,500 Interest revenue 500 Additional information: 1. Sandhill started the year wit. $ 27,500 of common shares and issued $ 5,700 more during the year. 2. Sandhill must pay $ 1,500 of the bank loan payable next year in 2022. (a 1) Prepare a statement of income for the year. SANDHILL CORPORATION Statement of Income : eTextbook and Media