Question The account balances and select financial statements of Winfrey Towing Service at June 30, 2018, follow: (Click the icon to view the account balances.) (Click the icon to view the income statement for the month.) (Click the icon to view the statement of retained earnings for the month.) Requirements 1. Prepare the balance sheet for Winfrey Towing Service as of June 30, 2018. 2. What does the balance sheet report? Assets 9000 8500 Cash Accounts Receivable Office Supplies Equipment 17500 Liabilities 2400 Accounts Payable 8800 Notes Payable 700 Total Liabilities 24150 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 8000 3700 11700 Total Assets 29200 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check Answer * Data Table $ 11,200 8,800 9,000 Equipment Office Supplies Notes Payable Rent Expense Cash Dividends 24,150 Service Revenue 700 Accounts Receivable 8,500 Accounts Payable 650 Retained Earnings, June 1, 2018 2,400 Salaries Expense 2,000 Common Stock 3,700 1,700 8,000 Print Print Done Done Referencedy Winfrey Towing Service Income Statement Month Ended June 30, 2018 Revenues: Service Revenue Expenses: Salaries Expense $ 11,200 1,700 650 Rent Expense Total Expenses 2,350 Net Income 8,850 Print Done Done i Reference Winfrey Towing Service Statement of Retained Earnings Month Ended June 30, 2018 Retained Earnings, June 1, 2018 3,700 8,850 Net income for the month 12,550 (2,000) Dividends 10,550 Retained Earnings, June 30, 2018 Print Done #r any number in the input fields and then click Check Answer. Clear All CH