On June 1, Debra King started Cullumber Designs Co., a company that provides craft opportunities, by investing $11,570 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June.

Cash		$10,000		Service Revenue		$7,100
Accounts Receivable		3,000		Advertising Expense		500
Supplies		1,800		Rent Expense		1,700
Equipment		10,000		Gasoline Expense		210
Notes Payable		8,700		Utilities Expense		160
Accounts Payable		1,400

Debra made no additional investment in June but withdrew $1,400 in cash for personal use during the month.

Prepare an income statement for the month of June.

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