The account balances and income statement of Winniford Towing Service at June 30, 2018, 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 earnings for Winniford Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018. Retained Earnings, June 1, 2018 Retained Earnings, June 30, 2018 Requirement 2. What does the statement of retained earnings report? The statement of retained earnings reports 23,050 Service Revenue 15,500 1,100 Accounts Receivable 8,400 Equipment Office Supplies Notes Payable Rent Expense 7,500 Accounts Payable 11,000 650 Retained Earnings, June 1, 2018 3,500 Cash 2,200 Salaries Expense 2,100 Dividends 4,000 Common Stock 4,000 Winniford Towing Service Income Statement Month Ended June 30, 2018 Revenues: $ 15,500 Service Revenue Expenses: Salaries Expense 2,100 650 Rent Expense Total Expenses 2,750 $ 12,750 Net Income