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just need add: net income dve o CXIT Check Required information (The following information applies to the questions displayed below.) Liu Zhang operates Lawson Consulting,

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dve o CXIT Check Required information (The following information applies to the questions displayed below.) Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner invested $10,500 cash in the company on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Cash Accounts receivable Equipment Accounts payable Common stock $ 5,000 4,500 6,500 3,000 10,500 Dividends Service revenue Rent expense Wages expense $ 1,500 12,000 2,000 6,000 Use the above information to prepare a June statement of retained earnings for Lawson Consulting. LAWSON CONSULTING Statement of Retained Earnings For Month Ended June 30 Retained earnings, June 1 $ Add: Net income 0 0 Less: Cash dividends Retained earnings, June 30 1,500 -1,500 $

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