UCSUVIO ULO 1.22/2 III Assets Liabilities and Stockholders' Equity $ Prepare an income statement for the month of June. Skysong, Inc. Income Statement For the Month Ended June 30, 2017 Revenues Service Revenue 8370 Expenses Salaries and Wages Expense $ 2270 Advertising Expense 400 i Supplies Expense 1070 i Maintenance and Repairs Expense 670 i Utilities Expense 230 i Total Expenses 4640 Net Income / Loss! S 3730 e Textbook and Media List of Accounts On June 1, 2017, Skysong, Inc. was started with an initial investment in the company of $22,500 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $5,470 4.280 8,370 2,330 400 26,870 22.500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 1,070 670 230 2,270 In June, the company issued no additional stock but paid dividends of $1,800