The account balances of Wilford Towing Service at June 30,2024 , follow: (Click the icon to view the account balances.) Requirements 1. Prepare the income statement for Wilford Towing Service for the month ending June 30,2024. 2. What does the income statement report? \begin{tabular}{lrrrr} Equipment & 18,200 & Service Revenue & $ & 11,700 \\ Office Supplies & 1,400 & Accounts Receivable & 8,200 \\ Notes Payable & 4,500 & Accounts Payable & 12,000 \\ Rent Expense & 400 & Retained Earnings. June 1. 2024 & 3,400 \\ Cash & 1,900 & Salaries Expense & 2,500 \\ Dividends & 1,000 & Common Stock & 2,000 \\ \hline \end{tabular} Requirement 1. Prepare the income statement for Wilford Towing Service for the month ending 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) Net Income