P1-3A on June 1, Hightower 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, and the revenues and expenses for the month of June, its first month of operations: 2, 400 Cash $ 4,600 Accounts receivable 4,000 Service revenue 7,500 Supplies Advertising expense 400 Equipment 26,000 Common stock 22,100 Notes payable 127000 Accounts payable ,500 Supplies expense 1,000 Maintenance and repairs expense 600 Utilities expense 300 Salaries and wages expense 4,400 In June, the company issued no additional Stock but paid dividends of $1,400. Instructions Cat Prepare an income, statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2014. b) Briefly discuss whether the companys first month of operations was a sucess. c) Discuss the company's decision to distribute a dividend