Please help with this.I would like someone to look it over.

P1-3A Prepare an income statement, retained earnings statement and balance sheet; discuss results On June 1, 2017, Elite Service Co. was started with an initial investment in the company of $22,100 cas Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common Stock $4,600 4,000 7,500 2,400 400 26,000 22,100 In June, the company issued no additional stock but paid dividends of $1,400. Instructions (a) Prepare an income statement and retained earnings statement for the month of June and a balan at June 30, 2017. (b) Briefly discuss whether the company's first month of operations was a success. (c ) Discuss the company's decision to distribute a dividend. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells wi (a) ELITE SERVICE CO. Income Statement For the Month Ended June 30, 2017 Revenues Service revenue Expenses Salaries and wages expense Supplies expense Maintenance and repairs expense Advertising expense Utilities expense Total expenses Net income $7,500 $1,400 1,000 600 400 300 ELITE SERVICE CO. Retained Earnings Statement For the Month Ended June 30, 2017 Retained earnings, June 1 Add: Net income 3,700 $3,800 $0 3,800 3,800 Less: Dividends Retained earnings, June 30 1,400 $2,400 ELITE SERVICE CO. Balance Sheet June 30, 2017 Assets Cash Accounts receivable Supplies Equipment Total assets $4,600 4,000 2,400 26,000 $37,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Notes payable Total liabilities Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $500 12,000 12,500 22,100 2,400 24,500 $37,000 ment and balance sheet; discuss results vestment in the company of $22,100 cash. any at June 30, 2017, and the revenues and Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense ends of $1,400. ement for the month of June and a balance sheet rations was a success. ther a number or a formula in cells with a "?" . $12,000 500 1,000 600 300 1,400