on june 1 hightower service Co. was started with an intial investment in the com

on june 1 hightower service Co. was started with an intial investment in the company of $ 22100 cash. Here are the assets liabilities snd common stock of the company at June 30 and the revenues and expenses for the month of june its first montth of operations:Cash $4600Accounts Receivable $4000Service revenue $7500Supplies $2400Advertising expenses $400Equipment $26000Common stock $22100Notes payable $12000Accounts payable $500Supplies espense $1000Maintenance and repairs expense $600Utilities expense $300Salaries and wages expense $1400I june the company issued no additional stock but paid dicidends of $1400.Instruccionca Prepare an income statement and aretained earnings statement for the month of june and a balance sheet at june 30 2014b. Briefly discuss wheter the company;s first month of operations was a successc. Discuss the comoanyds decision to distribute a dividend.