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The income statement for the month of June, 2016 of Skysong, Inc. contains the following information: Revenues $6800 Expenses: Salaries and Wages Expense $2880 Rent

The income statement for the month of June, 2016 of Skysong, Inc. contains the following information: Revenues $6800 Expenses: Salaries and Wages Expense $2880 Rent Expense 1490 Advertising Expense 740 Supplies Expense 300 Insurance Expense 90 Total expenses 5500 Net income $1300 At June 1, 2016, Skysong reported owners equity of $36200. The company had no owner drawings during June. At June 30, 2016, the company will report owners equity of $43000. $30700. $36200. $37500.

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