2 10 points 8 02:00:44 The following income statement was prepared by an office clerk hired for July. As the accounting supervisor, you recognize tha incorrect and prepare a corrected multi-step income statement Demo Sales Income Statement For Month Ended July 31, 2020 Sales $563,640 Accounts receivable 37,750 Unearned sales 18,00 Net sales 5619,690 Operating expenses: Accumulated depreciation, equipment $ 30,750 Advertising expense 14,300 Cost of goods sold 397.000 Depreciation expenses equipment Insurance expense 2,650 Interest expense 2,000 Interest payable Jen Conway, withdrawals 14,150 office supplies 10.500 Prepaid insurance 17.00 Prepaid rent 25.750 Rent expense 5,900 Salaries payable 175,200 Sales discounts 201,925 $ 82,239 Loss