app.com Test Chapter 5 21 The following income statement was prepared by an office clerk hired for July. As the accounting supervisor Incorrect and prepare a corrected multi-step income statement. Deno Sales Income Statement For Month Ended July 31, 2eze $562,149 97.ee 18.ee $617,140 Accounts receivable Unearned sales Net sales Operating expenses: Accumulated depreciation, prent Advertising expense Cost of goods sold Depreciation expense, equipment Insurance expense Interest expense Interest payable Sen Conway, withdrawals Office supplies Prepaid insurance Prepaid rent 2,500 175,000 Salaries payable Sales discounts 690.25 5.11.11