Financial data for Safety Hire as of 30 June 2019 are:

Accounts Receivable 63000 Wages Expense 75000

Equipment Hire Income 170000 Advertising Expense 30000

Accounts Payable 40000 Land 75000

Michael Donato Capital ? Hire Equipment 180000

Cash at Bank 45000 Loan Payable 50000

Mortgage Payable 130000 Electricity Expense 18000

Building 85000 Telephone Expense 7500

Required:

Prepare an income statement for the month of June and a balance sheet in account format for Safety

Hire as at 30 June 2019.