18. Using the following accounts and their amounts, prepare in good format an Income Statement for ABC Tutoring Company, month ended July 31, 2007: Telephone Expense P750 Cash P3,150 Accounts Payable P640 Victor Moreno, Withdrawal P300 Fees Earned P10,700 Rent Expense P1,000 Supplies P230 Accounts Receivable P1,800 Computer Equipment P15,000 Victor Moreno, Capital P13,080 Wages Expense P3,600 Utilities Expense P350 Notes Payable P2,000 Office Expense P240 ABC Tutoring Company Income Statement For the Month Ended July 31, 2007 P10,700 Fees Earned Operating Expense Wages Expense Rent Expense Utilities Expense Office Expense Telephone Expense Total Operating Expense