The account balances and income statement of Whitaker Towing Service at June 30, 2024, follow (Click the loon to view the account balances.) Requirements (Click the icon to view the income statement for the month.) 1. Prepare the statement of retained earnings for Whitaker Towing Service for the month ending June 30, 2024. 2. What does the statement of retained eamings report? Requirement 1. Prepare the statement of retained earnings for Whitaker Towing Service for the month ending June 30, 2024 Retained Earnings, June 1, 2024 Reference Whitaker Towing Service Income Statement Month Ended June 30, 2024 Revenues Retained Earnings, June 30, 2024 Service Revenue Expenses: Salaries Expense Data table Rent Expense Total Expenses Equipment $ 14,200 Service Revenue $ 10,500 Net Income Office Supplies 1,500 Accounts Receivable 8,400 Notes Payable 7,000 Accounts Payable 3,000 Rent Expense 400 Retained Earnings, June 1, 20241 3,900 Cash 1,800 Salaries Expense 2.600 Dividends 2,500 Common Stock 7,000 Print Done Print Done 10,500 2,600 400 3,000 $ 7,500 Clear all Check answer