14 (20 Points) Green Day Travel prepares quarterly financial statements. Presented below is an income statement for the first quarter ended March 31, 2022 Green Day Travel Income Statement For the Quarter Ended March 31, 2022 Revenues Rent Revenue Expenses Salaries and wages expense Advertising expense Utilities expense Maintenance and repairs expense Depreciation Expense $200,000 $65,000 3,600 700 4,700 2.400 76,400 123.600 Total Expenses Net Income Additional Data: When the income statement was prepared, the company accountant neglected to take into consideration the following information: 1. The following bills were received on March 31: A utility bill for $200, advertising $400, and repairs $500. 2. The rent revenue includes advanced rentals of $10,000 for summer rentals. 3. Supplies on hand on March 31 were $1,000. The supplies account has a balance of $4,500. 4. Green Day prepaid $2,400 for a one-year insurance policy at the beginning of the year. 5. Salaries expense totals $200 per day. As of March 31, 4 days of salaries have been incurred but not yet paid or recorded. 6. Green Day borrowed $18,000 on January 1, 2022 by issuing notes payable. The interest rate is 4%. Instructions: Prepare a corrected income statement