The account balances of Wilson Towing Service at June 30, 2018, follow: Equipment Office Supplies Notes Payable Rent Expense Cash Dividends $ 25,850 Service Revenue 1,000 Accounts Receivable 6,800 Accounts Payable 900 Retained Earnings, June 1, 2018 1,400 Salaries Expense 3,500 Common Stock $ 15,000 9,000 8,000 3,250 2,400 11,000 Learning Objectives Net Income $11,700 Learning Objective 5 E1-31 Preparing the income statement Requirements 1. Prepare the income statement for Wilson Towing Service for the month ending June 30, 2018 2. What does the income statement report E1-32 Preparing the statement of retained e Requirements 1. Prepare the statement of retained earnings for Wilson Towing Service for the month ending June 30, 2018 2. What does the statement of retained earnings report? E1-33 Preparing the balance sheet Requirements 1. Prepare the balance sheet for Wilson Towing Services of June 10, 2018 2. What does the balance sheet report Ending Retained Earnings $11,450 Learning Objective 5 Total Assets $37.250