Current Attempt in Progress The income statement for the month of June, 2020 of Sheffield, Inc. contains the following information Revenues $6900 Expenses Salaries and Wages Expense $2890 Rent Expense 1560 Advertising Expense 800 Supplies Expense 300 Insurance Expense 100 Total expenses 5650 Net income $1250 At June 1, 2020, Sheffield reported owner's equity of $36800. The company had no owner drawings during June At June 30, 2020, the company will report owner's equity of O $38050 O $43700 O $31150. O $36800.