3. Explain how to prepare each statement. Use the following information to answer Exercises El-31 through E1-33. The account balances of Wilson Towing Service at June 30, 2018, follow $15,000 $ 25,850 Service Revenue Equipment 9,000 Office Supplies 1,000 Accounts Receivable 8,000 Notes Payable 6,800 Accounts Payable 3,250 900 Wilson,Capital, June 1, 2018 Rent Expense 2,400 1,400 Salaries Expense Cash Wilson, Withdrawals 3,500 Accounting and 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 owner's equity Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month ending June 30, 2018. Assume Wilson contributed $11,000 during June. 2. What does the statement of owner's equity report? E1-33 Preparing the balance sheet Requirements / 1. Prepare the balance sheet for Wilson Towing Service as of June 30, 2018 2. What does the balance sheet report