The account balances and income statement of Williams Towing Service at June 30, 2018, follow. (Click the icon to view the account balances.) Read the requirements. (Click the icon to view the June income statement.) Requirement 1. Prepare the statement of owner's equity for Williams Towing Service for the month ending June 30, 2018. Assume Williams contributed $14,000 during June. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Williams, Capital, June 1, 2018 Williams, Capital, June 30, 2018 Requirement 2. What does the statement of owner's equity report? The statement of owner's equity reports a Data table Equipment $ 38,400 Service Revenue 11,200 Office Supplies 700 Accounts Receivable 8,000 Notes Payable 7,500 Accounts Payable 12,000 Rent Expense 700 Williams, Capital, June 1, 2018 7,700 Cash 1,600 Salaries Expense 2,000 Williams, Withdrawals 1,000 Print Done X- Reference Williams Towing Service Income Statement Month Ended June 30, 2018 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Total Expenses Net Income S - 11,200 $ 2,000 700 2,700 $ 8,500 Print Done