Requirements 1. Prepare the income statement of Smith Consulting, Inc. for thei month ended June 30, 2020. List expenses in decreasing order by amount 2. Prepare the entity's statement of retained earnings for the month ended June 30, 2020. 3. Prepare the balance sheet of Smith Consulting, Inc. at June 30, 2020 - X Transactions During June 2020, the business completed these transactions a. Received cash of $9,100 and issued common shares. b. Performed services for a client and received cash of $6,700. C Paid $4,400 on accounts payable d. Purchased supplies on account, $1,200 e. Collected cash from a customer on account, $300 Consulted on the design of a business report, and billed the client for services rendered, $2,100, g. Recorded the following business expenses for the month paid office rent $700, paid advertising, $100 h. Declared and paid a cash dividend of $1,800 Print Done Financial position Print Done Assets Liabilities + Shareholders' Equity Accounts Accounts Common Retained Cash Receivable Supplies Land Payable Shares + Earnings Bal. 1,300 1,350 11,700 8,400. 3,900 2,050