An inexperienced accounting intern at Tasso Company prepared the following income statement for the month of July, 2009: Tasso Company Month of July, 2009 Revenues: Services provided to customers $25,000 Capital stock 12,500 Loan from bank 37,500 $75,000 Expenses Payments to long-term creditors $20,000 Expenses required to provide services to customers 18,750 Purchase of equipment 10.000 48,750 Net income $ 26,250 In addition to the above, the company paid out a $4,000 dividend in July, 2009. Instructions: Prepare a revised income statement in accordance with generally accepted accounting principles