Bramble Insurance Agency prepares monthly financial statements. Presented below is an income statement for the month of June that is correct on the basis of information considered. Additional Data: When the income statement was prepared, the company accountant neglected to take into consideration the following information: 1. A utility bill for $1,008 was received on the last day of the month for electric and gas service for the month of June: 2. A company insurance salesman sold a life insurance policy to a client for a premlum of 58,400 . The agency billed the client for the policy and is entitied to a commission of 20% 3. Supplies on hand at the beginning of the month were \$2,100. The agency purchased additional supplies during the month for Additional Data: When the income statement was prepared, the company accountant neglected to take into consideration the following information: 1. A utility bill for $1,008 was received on the last day of the month for electric and gas service for the month of June. 2. A company insurance salesman sold a life insurance policy to a client for a premium of $8,400. The agency billed the client for the policy and is entitled to a commission of 20%. 3. Supplies on hand at the beginning of the month were $2,100. The agency purchased additional supplies during the month for $1,260 in cash and $1,008 of supplies were on hand at June 30 . 4. The agency purchased a new car at the beginning of the month for $20,160 cash. The car will depreciate $5,040 per year. 5. Salaries owed to employees at the end of the month total $4,452. The salaries will be paid on July 5 . Prepare a corrected income statement. Question 1 of 3 BRAMBLE INSURANCE AGENCY Income Statement $ $