On June $1,$ Barbara Jones started Ivanhoe Designs Co$.,$ a company that provides craft opportunities, by investing $$12,050$ cash in t business. Following are the assets and liabilities of the company at June $30$ and the revenues and expenses for the month of June.

$\backslash$table$[[$Cash$,$$$10,000,$Accounts Payable,$1,000],[$Accounts Receivable,$3,400,$Service Revenue,$7,100],[$Supplies$,1,800,$Advertising Expense,$600],[$Equipment$,10,000,$Rent Expense,$1,300],[$Notes Payable,$8,900,$Utilities Expense,$450]]$

Barbara made no additional investment in June but withdrew $$1,500$ in cash for personal use during the month.

Prepare an income statement for the month of June.

IVANHOE DESIGNS CO$.$