Question: Problem 1-03A al-a3 (Part Level Submission) On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $19,250 cash. Here

Problem 1-03A al-a3 (Part Level Submission) On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: $12,480 770 780 Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 4,840 4,270 7,700 2,462 400 23,700 19,250 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 610 290 1,000 During June, the company issued no additional stock but paid dividends of $1,848. (a1) Prepare an income statement for the month of June. IVANHOE COMPANY Income Statement $
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