CULLUMBER COMPANY Income Statement $ $ e Textbook and Media List of Accounts Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement $ Current Attempt in Progress On June 1, 2022, Cullumber Company was started with an initial investment in the company of $25,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,010 Notes payable $12,820 Accounts receivable 4,290 Accounts payable 790 Service revenue 8,000 Supplies expense 1,100 Supplies 2,350 Maintenance and repairs expense 630 Advertising expense 400 Utilities expense 270 Equipment 29,600 Salaries and wages expense 1,600 Common stock 25,000 During June, the company issued no additional stock but paid dividends of $1,360. Prepare an income statement for the month of June