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Below is financial data for Mila's Law Firm owned by Mila, G. at 30 June 2021: Cash at bank Motor vehicle $29,000 $15,000 17,000 2,600
Below is financial data for Mila's Law Firm owned by Mila, G. at 30 June 2021: Cash at bank Motor vehicle $29,000 $15,000 17,000 2,600 Salaries payable Mila, G capital 5,000 contribution Accounts receivable 17,000 office expense Insurance expense 16,000 Advertising expense Accounts payable 12,000 Salaries expense Service revenue 220,000Mila, G drawings Loan payable 60,000 Travel expense Prepaid insurance 2,000 Court filing fees Office equipment 45,000 20,000 55,000 20,000 3,500 4,000 Required: Using the template below prepare an income statement for the business for the year ended 30 June 2021. (10
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