8 An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. Assets Liabilities + Stockholders' Equity Accounts 5.26 points Cash Receivable Supplies Equipment Accounts Payable (a) +20,500 Contributed Capital +20,500 (b) +995 (c) +5,100 (d) -8,650 Print +14,950 +6,300 (e) +2,060 0 Retained Earnings 995 Utilities Expense. +5,100 Service Revenue +2,060 Service Revenue (f) +810 (g) -4,725 +810 -4,725 (h) -2,300 (i) -1,175 -2,300 Wages Expense -1,175 Rent Expense (5) +1,530 -1,530 7,240 3,570 810 14,950 3,380 20,500 2,690 Mc Required: 1. This part of the question is not part of your Connect assignment. 2-a. Prepare an income statement as of July 31. Revenues NEPCO Income Statement For the Month Ended July 31