Nancy Tercek started a delivery service, Kingbird, Inc., on June 1, 2020. The following transactions occurred during the month of June. June 1 Stockholders invested $17,900 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,600. Nancy paid $3,900 cash and signed a note payable for the remaining balance. 3 Paid $300 for office rent for the month. 5 Performed $5,000 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $100 on account. 15 Received a cash payment of $1,500 for services performed on June 5. 17 Purchased gasoline for $200 on account. 20 Received $1.600 cash for services performed. 23 Made a cash payment of $400 on the note payable. 26 Paid $100 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $2,490 for employee salaries. Show the effects of the previous transactions on the accounting equation using the following format. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example) Assets Accounts Receivable Notes Payabl Supplies Equipment Date June 1 S 17900 $ $ (39001 14600 Prepare an income statement for the month of June. Kingbird, Inc. Income Statement June 30, 2020 Kingbird, Inc. Balance Sheet Assets Liabilities and Stockholders' Equity