Problem 1-03A al-a3 On June 1, 2022, Elite 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, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 4,600 Notes payable 4,000 Accounts payable 7,500 Supplies expense 2,400 Maintenance and repairs expense 400 Utilities expense 26,000 Salaries and wages expense 22,100 $12,000 500 1,000 600 300 1,400 During June, the company issued no additional stock but paid dividends of $1,400. Prepare an income statement for the month of June. ELITE SERVICE CO. Income Statement For the Month Ended June 30, 2022 Revenues AU Service Revenue 7,500 Expenses Advertising Expense 400 Supplies Expense 1,000 Maintenance and Repairs Expense 600 Utilities Expense 300 Salaries and Wages Expense 1,400 Total Expenses 3,700 Net Income / (Loss) $ 3,800 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) ELITE SERVICE CO. Retained Earnings Statement todo x Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) ELITE SERVICE CO. Balance Sheet Assets QOLD Liabilities and Stockholders' Equity x JO Liabilities and Stockholders' Equity X D X x TD II | Z 8