View the account balances.

Requirements

Prepare the income statement for Strength in Numbers for the month ending June $30,2025.$

What does the income statement report?

Requirement $1.$ Prepare the income statement for Strength in Numbers for the month ending June $30,2025.($If an input field is not used in the table leave the field empty; do not select a label or enter a zero.$)$

Revenues:

Expenses:

Total Expenses

Net Income

account balances:

Equipment

$$24,200$

Supplies

$700$

Notes Payable

$8,000$

Rent Expense

$400$

Cash

$2,400$

Dividends

$5,000$

Service Revenue

$13,000$

Accounts Receivable

$5,000$

Accounts Payable

$10,000$

Retained Earnings, June $1,2025$

$2,000$

Salaries Expense

$2,300$

Common Stock

$7,000$