Financial data for Safety Hire as of 30 June 2019 are: Accounts receivable Equipment hire income Accounts payable Michael Donato, capital Cash at bank Mortgage payable Building $ 63 000 170 000 40 000 ? 45 000 130 000 85 000 Wages expense Advertising expense Land Hire equipment Loan payable Electricity expense Telephone expense $ 75000 30 000 75000 180 000 50 000 18 000 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. (10 marks)