On June 1, Lisa Anderson started Wildhorse Designs Co., a company that provides craft opportunities, by investing $12,150 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 $7,200 Accounts Receivable 3,100 Advertising Expense 400 Supplies 1,500 Rent Expense 1,400 Equipment 11,000 Gasoline Expense 8,700 Utilities Expense 200 150 Notes Payable Accounts Payable 1,100 Prepare an income statement for the month of June. WILDHORSE DESIGNS CO. Income Statement For the Month Ended June 30, 20204 Owner's Capital, June 30 Service Revenue 7200 Expenses Advertising Expense $ 400 Rent Expense 1400 Gasoline Expense 200 Utilities Expense 150 Total Expenses 2150 Net Income /(Loss) $ 5050 WILDHORSE DESIGNS CO. Owner's Equity Statement For the Month Ende June 30, 2020 Owner's Capital, June 14 $ Add : Investments 12150 Net Income /(Loss) $ Prepare a balance sheet at June 30, 2020. (List Assets in order of liquidity.) WILDHORSE DESIGNS CO. Balance Sheet Assets $ $ Liabilities and Owner's Equity > $ Prepare an income statement for June assuming the following data are not included above: (1) $950 of services were performed and billed but not collected at June 30, and (2) $200 of gasoline expense was incurred but not paid. WILDHORSE DESIGNS CO. Income Statement $ Prepare an owner's equity statement for June assuming the following data are not included above: (1) $950 of revenue was earned and billed but not collected at June 30, and (2) $200 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.) WILDHORSE DESIGNS CO. Owner's Equity Statement