A 25 llowing income statement was prepared by an office clerk for July. As the accounting supervisor, you recognize that it irrect and prepare a corrected multi-step income statement. ounts receivable arned sales Demo Sales Income Statement For Month Ended July 31, 2020 sales ating expenses: ccumulated depreciation, equipment dvertising expense ost of goods sold epreciation expense, equipment nsurance expense interest expense nterest payable en Conway, withdrawals ffice supplies repaid insurance repaid rent ent expense alaries payable ales discounts oss O DEMO SALES Income Statement For Month Ended July 31, 2020 Prev 1 of 1 Next > $562,140 37,000 18,000 $617,140 $ 30,000 14,000 394,000 3,000 2,500 1,700 250 14,000 9,000 14,000 25,000 5,000 175,000 2,800 690,250 $ 73,110 HUAWEI