(35 Points) 1. Prepare an Income Statement, Owner's Equity Statement and Balance Sheet for the month ended June 30, 2021 for Rainbow Marketing. The business was started on June 1, 2021. Advertising Expense Accounts Payable Accounts Receivable Accumulated Depreciation: Equipment Cash Depreciation Expense Equipment Insurance Expense $ 12,000 9,000 15,400 8,000 11,600 8,000 34,000 5,000 Interest Expense 800 Notes Payable Prepaid Insurance Rent Expense Salaries Expense 14,000 2,800 3,000 41,000 Salaries Payable 3,500 Service Revenue 85,000 Owners Capital 25,000 Owners Drawings 10,000 Supplies 1,200 Supplies Expense 5,700 Unearned Revenue 6,000