An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015: PRESTWICK COMPANY AUGUST 31, 2015 Revenues: Services provided to customers Investment by stockholders Loan from bank Expenses: 17,000 $ 5,000 15,000 37,000 $ Payments to long-term creditors 11,700 $ Expenses required to provide services to customers 7,800 Purchase of land 16,000 35,500 Net income $ 1,500 Prepare a revised income statement in accordance with generally accepted accounting principles. PRESTWICK COMPANY Income Statement For the Month Ended August 31, 2015