P1.3A (LO 3), AP On June 1, 2022, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Prepare an income statement, retained earnings statement, and balance sheet; discuss results. Excel Cash $ 4,600 $12,000 4,000 500 7,500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 1,000 600 2,400 400 26,000 300 1,400 22,100 During June, the company issued no additional stock but paid dividends of $1,400