The income statement of Peter’s Pest Control for the month of August 2016 shows a profit of $6800 based on:

Services revenue                    $15200

Wages expense                       6400 

Supplies expense                   1100

Electricity expense                  900  

In reviewing the statement, you discover the following:

1.    Depreciation on equipment of $460 was omitted.

2.    Supplies expense includes $320 of supplies that are still on hand at 31 August.

3.    Insurance expired during August of $400 was omitted.

4.    Accrued wages at 31 August amounting to $260 were not included.

5.    Services provided but unrecorded totalled $1600.

Required

Prepare a corrected income statement for the month of August 2016.