An analysis of transactions made during july by nepco, an internet service provider during its firdt month of operations is shown below

E3-20 Inferring Transactions, Creating Financial Statements, and Calculating Net The following information applies to the questions displayed below.] 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 LiabilitiesCommon Retained Stockholders' Equity Accounts Cash Receivable Supplies Equipment Payable +995 +6,300 +810 -4,725 Stock +20,500 (a) +20,500 -995 Utilities expense 5,100 Service revenue *2,060 Service revenue +5,100 (d) -8,650 (e) 2,060 14,950 +810 g)4,725 (h) -2.300 0 1,175 -2.300 wage expense -1,175 Rent expense +1530-1530 7,240 3,570 810 14,950 3,380 20,500 2,690 References Section Break E3-20 Inferring Transactions, Creating Financial Statements, and Calculating Net Profit Margin [LO 3-3, LO 3-5) value 1.25 points E3-20 Part 2-a Required: 2-a. Prepare an income statement as of July 31. NEPCO Income Statement