*Problem 1-03A a1-a3,b1-b2 (Part Level Submission) On June 1, Mary Smith started Blossom Designs Co., a company that provides craft opportunities, by investing $11,910 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. Cash $10,000 Service Revenue $6,000 Accounts Receivable 2,800 Advertising Expense 400 Supplies 1,500 Rent Expense 1,300 Equipment 10,000 Gasoline Expense 180 Notes Payable 8,500 Utilities Expense 130 Accounts Payable 1,000 Mary made no additional investment in June but withdrew $1,100 in cash for personal use during the month. *(a1) Your answer is correct. Prepare an income statement for the month of June. BLOSSOM DESIGNS CO. Income Statement For the Month Ended June 30, 2020 Revenues $ Service Revenue 6000 Expenses $ Gasoline Expense 180 Rent Expense 1300 Advertising Expense 400 Utilities Expense 130 Total Expenses 2010 $ 3990 Net Income /(Loss) Attempts: 1 of 5 used BLOSSOM DESIGNS CO. Owner's Equity Statement For the Month Ended June 30, 2020 Owner's Capital, June 1 Add Investments 11910 Net Income / (Loss) 3990 15900 15900 Less 1100 Drawings Owner's Capital, June 30 $ 14800 *(a3) Your answer is correct. Prepare a balance sheet at une 30, 2020. (List Assets in order of liquidity.) BLOSSOM DESIGNS CO. Balance Sheet June 30, 2020 Assets Cash 10000 Acounts Receivable 2800 1500 Supplies Equipment 10000 Total Assets 24300 Liabilities and Owner's Equity es 8500 1000 Notes Payable Apunts Payable Total Labilities Owner's Equity Owner's Capital 9500 14800 $ 24300 Total Liabilities and Owner's Equity *(61) Prepare an income statement for une assuming the following data are not induded above: (1) $700 of services were performed and billed but not collected at June 30, and (2) $100 of gasoline expense was incurred but not paid. BLOSSOM DESIGNS CO. Income Statement