please prove ans in type form with clear explanation.

Financial data for Safety Hire as of 30 June 2019 are: $ 63 000 170 000 40 000 Accounts receivable Equipment hire income Accounts payable Michael Donato, capital Cash at bank Mortgage payable Building Wages expense Advertising expense Land Hire equipment Loan payable Electricity expense Telephone expense $ 75 000 30 000 75 000 180 000 50 000 18 000 7500 45000 130 000 85 000 Required: Prepare an income statement for the month of June and a balance sheet in account format for Safety Hire as at 30 June 2019. (10 marks)