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On June 1, 2017, Vaughn Manufacturing was started with an initial investment in the company of $22,410 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:

Cash		$ 5,420		Notes payable		$13,640
Accounts receivable		4,470		Accounts payable		970
Service revenue		8,320		Supplies expense		1,080
Supplies		2,320		Maintenance and repairs expense		680
Advertising expense		400		Utilities expense		220
Equipment		26,820		Salaries and wages expense		2,220
Common stock		22,410

In June, the company issued no additional stock but paid dividends of $1,710.

Prepare an income statement for the month of June.

Vaughn Manufacturing Income Statement For the Month Ended June 30, 2017For the Year Ended June 30, 2017June 30, 2017
DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues
		$
DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues
	$
Dividends Expenses Net Income / (Loss) Retained Earnings, June 1 Retained Earnings, June 30 Revenues Total Expenses Total Revenues
DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues		$

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