The account balances and income statement of Williams Towing Service at June 30, 2024, follow: (Click the icon to view the account balances.) (Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained eamings for Williams 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 Williams Towing Service for the month ending June 30,2024. Requirement 2. What does the statement of retained earnings report? The statement of retained eaminas reborts on an entity's assets, liabilities, and stockholders' equity as of a specific date. on an entity's assets, liabilities, and stockholders' equity for a period of time. revenues and expenses as of a specific date. revenues and expenses for a period of time. the changes in retained earnings for a business entity as of a specific date. the changes in retained earnings for a business entity during a fime period. The account balances of Widord fowing Service at dune 30, 2024, follow: IH (Click the icon to view the acoourt balances.) Requirements 1. Prepare the income statement for Wifond Towing Service for the month ending June 30,2024 2. What does the income stytement report? Requirement 1. Prepare the income statement for Wiford Towing Service for the month ending June 30, 2024, (If a bor is not used in the table leave the bor enpty, do not select a label or enter a zero.) Requirement 2 . What does the income stamement report? The income statement reports Data table