6 ju sructor for grading On June 1, 20x1, Global Services, Inc, was started with $50,000 invested by the owners as share capital. On June 30, the accounting records contained the following amounts Trade payables $100 Trade receivables 3.900 O Cash 25,100 Share capital 50,000 Consulting fees earned 8,400 Dividends declared 2,100 Office equipment 24,100 Office supplies Rent expense 500 1,300 Salary expense 1,000 Supplies expense 100 Telephone expense 500 Prepare a statement of earnings for the month ended June 30, 20x1 Was the company successful in its first month of operations? Why or why not