1. Question 8 The income statement of Bjorn ASA for the month of July shows net income of 2,861 based on Service Revenue 6,485, Salaries and Wages Expense 2,034, Supplies Expense 1,133, and Utilities Expense 457. In reviewing the statement, you discover the following. Insurance expired during July of 412 was omitted. 2. Supplies expense includes 249 of supplies that are still on hand at July 31. Depreciation on equipment of 297 was omitted. Accrued but unpaid salaries and wages at July 31 of 210 were not included. 5. Services performed but unrecorded totaled 762. Prepare a correct income statement for July 2017. BJORN ASA Income Statement For the Month Ended July 31, 2017 3. 4. Revenues Service Revenue Expenses Salaries and Wages Expen Supplies Expense Utilities Expense Insurance Expense BJORN ASA Income Statement For the Month Ended July 31, 2017 Revenues Service Revenue Expenses Salaries and Wages Expen Supplies Expense Utilities Expense Insurance Expense Depreciation Expense Total Expenses Net Income / (Loss)