The account balances and income statement of Wilford Towing Service at June 30, 2024, follow: (Click the icon 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 Wilford Towing Service for the month ending June 30, 2024. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Wilford Towing Service for the month ending June 30, 2024. Retained Earnings, June 1, 2024 Retained Earnings, June 30, 2024 s for Data table Equipment $ 22,750 Service Revenue $ 13,000 Office Supplies 800 Accounts Receivable 6,000 Notes Payable 8,000 Accounts Payable 9,000 Rent Expense 650 Retained Earnings, June 1, 2024 2,200 Cash 2,100 Salaries Expense 1,900 Dividends 5,000 Common Stock 7,000 Print Done Wilford T Wilford Towing Service Income Statement Month Ended June 30, 2024 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Total Expenses Net Income Print Done 13,000 1,900 650 2,550 $ 10,450