Prepare a tabular summary, which shows the effects of these transactions on the expanded accounting equation. $($If a transaction results

in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset,

Liability or Equity item that was reduced.$)$View Policies

Current Attempt in Progress

On June $1,$ Sharon Lee started Carla Vista Designs Co$.,$ a company that provides craft opportunities, by investing $$12,170$ 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.

Sharon made no additional investment in June but withdrew $$1,300$ in cash for personal use during the month.

$($a$1)$

Prepare an income statement for the month of June.

CARLA VISTA DESIGNS CO$.$

Income Statement