Your answer is correct. Prepare an income statement for the month of June. PHAROAH SERVICE CO. Income Statement For the Month Ended June 30, 2025 v Revenues v Service Revenue | $ 8,500.00 Expenses v Advertising Expense | $ | 400.00 a Supplies Expense | | 1,125.00 B Maintenance and Repairs Expense | | 690.00 A Utilities Expense | | 210.00 8 Salaries and Wages Expense | | 1,400.00 A Total Expenses v 3,825.00 [i Net Income / (Loss) v $ 4,675.00 On June 1, 2025, Pharoah Service Co. was started with an initial investment in the company of $21,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the revenues and expenses for the month of June, its first month of operations: Cash $5,600 Notes payable $14,000 Accounts receivable 4,400 Accounts payable 900 Service revenue 8,500 Supplies expense 1,125 Supplies 2,342 Maintenance and repairs expense 690 Advertising expense 400 Utilities expense 210 Equipment 26,800 Salaries and wages expense 1,400 'Common stock 21,250 During June, the company issued no additional stock but paid dividends of $1,683. (a1) Prepare an income statement for the month of June. PHAROAH SERVICE CO. Income Statement (a2) Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) PHAROAH SERVICE CO. Retained Earnings Statement to V $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit AnswerPHAROAH SERVICE CO. Retained Earnings Statement For the Month Ended June 30, 2025 Dividends Expenses Net Income / (Loss) Retained Earnings, June 1 Retained Earnings, June 30 Revenues Total Expenses Total Revenues e Textbook and Media List of AccountsPHAROAH SERVICE CO. Retained Earnings Statement For the Month Ended June 30, 2025 Add $ Less e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (a3)Question 8 of 9 2.67 / 4 ... P Current Assets List assets in order of liquidity.) Intangible Assets Liabilities PHAROAH SERVICE CO. Balance Sheet Long-Term Investments Long-Term Liabilities Property, Plant, and Equipment Stockholders' Equity Assets Total Assets $ Total Current Assets Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-Term Investments Total Long-Term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ Liabilities and Stockholders' Equity to $to Liabilities and Stockholders' Equity to to $ e Textbook and Media(a3) Prepare a balance sheet at June 30, 2025. (List assets in order of liquidity.) PHAROAH SERVICE CO. Balance Sheet Assets to $ Liabilities and Stockholders' Equity