The account balances and select financial statements of Wayans 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.) (Click the icon to view the statement of retained earnings for the month.) Requirements 1. Prepare the balance sheet for Wayans Towing Service as of June 30,2024. 2. What does the balance sheet report? Wayans Towing Service Income Statement Month Ended June 30, 2024 Revenues: Service Revenue $13,500 Expenses: \begin{tabular}{lrr} Salaries Expense & $ & 1,900 \\ Rent Expense & 400 \\ \hline \end{tabular} Net income 2,30011,200 Wayans Towing Service Statement of Retained Earnings Month Ended June 30, 2024 Retained Earnings, June 1, 2024 Net income for the month Retained Earnings, June 1, 2024 Net income for the month Dividends Retained Earnings, June 30, 2024 \begin{tabular}{rr} $ & 3,850 \\ 11,200 \\ \hline$ & 15,050 \\ \hline(4,000) \\ \hline$11,050 \\ \hline \end{tabular} Requirement 1. Prepare the balance sheet for Wayans Towing Service as of June 30.2024. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Stockholders Equity Get more help. Clearall Check answer Stockholders' Equity