The account balances and select financial statements of Wayans Towing Service at June 30, 2023, follow: (Click the icon to view the June income statement.) (Click the icon to view the account balances.) (Click the icon to view the June statement of owner's equity.) Required Income Statement Wayans Towing Service Income Statement For the Month Ended June 30, 2023 Revenues: Requirement 1. Prepare the balance sheet for Wayans Towing Service as of June 30, 2023. (If a box is not used in the table, leave the box empty; do not select a label or enter a ze Service revenue 10,500 Expenses: Salaries expense 2,100 450 Rent expense Assets Liabilities Total expenses $ 2,550 7,950 Net income Requirement 2. What does the balance sheet report? The balance sheet reports Owner's Equity Statement of Owner's Equity Account Balances Print Done Wayans Towing Service Statement of Owner's Equity Equipment $ 30,650 Service Revenue $ 10,500 For the Month Ended June 30, 2023 Office Supplies 1,500 Accounts Receivable 8,800 3,700 Note Payable 6,900 Accounts Payable 12,000 13,500 7,950 Rent Expense J. Wayans, Capital, June 1, 450 2023 3,700 Cash 2,100 Salaries Expense 2,100 $ 25,150 (1,000) J. Wayans, Withdrawals 1,000 24,150 on an entity's assets, liabilities, and owner's equity as of a specific date. on an entity's assets, liabilities, and owner's 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 capital for a business entity as of a specific date. the changes in capital for a business entity during a time period. J. Wayans, capital, June 1, 2023 Owner contribution Net income for the month Owner withdrawal J. Wayans, capital, June 30, 2023