After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9.

Cash	$79,500		Notes payable	$52,500
Common stock	37,500		Rent expense	7,500
Dividends	15,000		Retained earnings	0
Interest expense	3,000		Salaries expense	112,500
Land	63,000		Sales commissions	217,500
Miscellaneous expense	4,500		Utilities expense	22,500

Prepare an income statement for the month ended June 30, 2049. West Coast Dreams Realty Inc. Income Statement For the Month Ended June 30, 2049 Revenues: Expenses: Total expenses Net income