A list of accounts and their balances of ONeills Psychological Services, at its year end July 31, 2021, is presented below:

Supplies		$790
Unearned Revenue		1,070
Supplies Expense		5,930
Cash		6,435
Accounts Receivable		7,335
Accounts Payable		9,100
Rent Expense		10,840
Notes Payable		22,750
Salaries Expense		45,000
T. ONeill, Drawings		57,300
Equipment		58,550
T. ONeill, Capital		65,300
Service Revenue		93,960

(b1)

Prepare an income statement.