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Prepare income statement for the month of June On June 1, 2022, Whispering Winds Corp. was started with an initial investment in the company of

Prepare income statement for the month of June

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On June 1, 2022, Whispering Winds Corp. was started with an initial investment in the company of $21,208 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: Cash $ 4,508 Notes payable $11,760 Accounts receivable 3,920 Accounts payable 490 Service revenue 7,800 Supplies expense 980 Supplies 2,352 Maintenance and repairs expense 588 Advertising expense 392 Utilities expense 294 Equipment 25,480 Salaries and wages expense 1,372 Common stock 21,208 During June, the company issued no additional stock but paid dividends of $1,372

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