2 The following income statement was prepared by an office clerk hired for July. As the accounting supervisor, you recogniz that it is incorrect and prepare a corrected multi-step income statement. $564,140 38,000 18,400 $620,540 Demo Sales Income Statement For Month Ended Ouly 31, 2020 Sales Accounts receivable Unearned sales Net sales Operating expenses: Accumulated depreciation, equipment $ 31,000 Advertising expense 14,400 Cost of goods sold 398,000 Depreciation expense, equipment 3,400 Insurance expense 2,700 Interest expense 2,100 Interest payable 350 Jen Conway, withdrawals 14,200 NEL rinnar