Requirement 1. Prepare the statement of owner's equity for Wayans Towing Service for the month ending June 30, 2018. Assume Wayans contributed $14,000 during June Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Wayans Towing Service Statement of Owner's Equity Month Ended June 30, 2018 2,950 Wayans, Capital, June 1, 2018 Wayans, Capital, June 30, 2018 i Data Table - X $ 26,850 Service Revenue $ 13,500 1,200 8,200 Equipment Office Supplies Notes Payable Rent Expense 8,000 4,000 Accounts Receivable Accounts Payable Wayans, Capital, June 1, 2018 Salaries Expense 700 2,950 Cash 2,000 2,000 Wayans, Withdrawals 1,500 Print Done Wayans Towing Service Income Statement Month Ended June 30, 2018 Revenues: Service Revenue $ 13,500 Expenses: Salaries Expense $ 2,000 700 Rent Expense Total Expenses 2,700 $ Net Income 10,800