The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month. Transactions: a. Sutton invested $149,000 in cash to start the business. b. Paid $4,900 for the current month's rent. c. Bought office furniture for $15,620 in cash. d. Performed services for $8,300 in cash. e. Paid $1,140 for the monthly telephone bill. f. Performed services for $14,100 on credit. g. Purchased a computer and copier for $35,800; paid $11,900 in cash immediately with the balance due in 30 days. h. Received $7,050 from credit clients. i. Paid $2,900 in cash for office cleaning services for the month. j. Purchased additional office chairs for $4,700; received credit terms of 30 days. k. Purchased office equipment for $29,000 and paid half of this amount in cash immediately; the balance is due in 30 days. I. Issued a check for $8,300 to pay salaries. m. Performed services for $14,600 in cash. n. Performed services for $16,100 on credit. o. Collected $6,900 on accounts receivable from charge customers. p. Issued a check for $2,350 in partial payment of the amount owed for office chairs. q. Paid $590 to a duplicating company for photocopy work performed during the month. r. Paid $1,110 for the monthly electric bill. s. Sutton withdrew $7,900 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30, 20X1. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Determine the account balances and prepare a trial balance for the month ended June 30, 20X1. VINCENT SUTTON, LANDSCAPE CONSULTANT Trial Balance June 30, 20X1 Account Name Debit Credit Total Income Statement Complete this question by entering your answers in the tabs below. Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare an income statement for the month ended June 30, 20X1. VINCENT SUTTON, LANDSCAPE CONSULTANT Income Statement Month Ended June 30, 20X1 Revenue Expenses Total expenses Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare a statement of owner's equity for the month ended June 30, 20X1. VINCENT SUTTON, LANDSCAPE CONSULTANT Statement of Owner's Equity Month Ended June 30, 20X1 Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze What is the change in owner's equity for the month of June? Change in owner's equity