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The account balances of Williams Towing Service at June 30, 2018, follow: (Click the icon to view the account balances.) Requirements 1. Prepare the income

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The account balances of Williams Towing Service at June 30, 2018, follow: (Click the icon to view the account balances.) Requirements 1. Prepare the income statement for Williams Towing Service for the month ending June 30, 2018. 2. What does the income statement report? Requirement 1. Prepare the income statement for Williams Towing Service for the month ending June 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Net Income Data Table $ 32,850 Equipment Office Supplies Notes Payable $ 15,500 6,000 700 7,500 9,000 Service Revenue Accounts Receivable Accounts Payable Williams, Capital, June 1, 2018 Salaries Expense Rent Expense 800 3,850 2,200 Cash 2,300 4,500 Williams, Withdrawals

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