Analyze the following transactions for Delta Corporation for the month of July and prepare the General Ledger accounts, Trial Balance, and Income Statement.

Date	Account Title	Debit ($)	Credit ($)
Jul 1	Cash		210,000
Jul 5	Purchases	80,000
Jul 10	Sales Revenue		300,000
Jul 15	Rent Expense	30,000
Jul 20	Accounts Payable	60,000
Jul 25	Utilities Expense	15,000
Jul 30	Depreciation Expense	7,000

Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 22%.