The account balances and income statement of Winniford Towing Service at June 30, 2016, follow: (Click the icon to view the account balances.) (Click the icon to view the income statement for the month ended June 30, 2016.) Requirements 1. Prepare the statement of owner's equity for Winniford Towing Service for the month ending June 30, 2016. (Assume the owner made no capital contributions during the period.) 2. What does the statement of owner's equity report? Requirement 1. Prepare the statement of owner's equity for Winniford Towing Service for the month ending June 30, 2016. (Assume the owner made no capital contributions during the period. Use parentheses or a minus sign to show a decrease in capital.) Reference Data Table Winniford, Capital, June 1, 2016 $ 14,500 Service Revenue $ 13,500 Winniford Towing Service Income Statement 500 Accounts Receivable 8,000 Equipment Office Supplies Notes Payable Rent Expense Month Ended June 30, 2016 6,900 Accounts Payable 10,000 Revenues: 2,000 500 Winniford, Capital, June 1, 2016 2,000 Salaries Expense Winniford, Capital, June 30, 2016 Service Revenue $ 13,500 Cash 2,400 Winniford, Withdrawals 4.500 Requirement 2. What does the statement of owner's equity report? Expenses Salaries Expense $ 2,400 The statement of owner's equity reports 500 Rent Expense Total Expenses 2.900 Print Done $ 10,600 Net Income Print Done