By the end of the summer, James had done a lot of work and his bank account looked good. This prompted him to wonder profit the business had earned A review of the check stubs showed the following: Bank deposits of collections from customers had been written gas, oil, and lubrication, $1070, pickup repairs, $280, mower repair, $260, miscellaneous supples used, $270 and $2 580 to pay of customers still owed him $900 for lawn services rendered and that he owed $220 for gas and oll taxes, $310, payment for assistance in preparing payroll tax forms, $35, insurance, $225,telephone $250 some unpaid bills, reflected that f the note including interest (on August 31) A notebook kept in the pickup, plus cost for use of the truck and the other equipment (caled depreciation ) for three months amounted to $650 (credit card charges). He estimated Required: 1. Prepare a quarterfy income statement for James Cook Lawn Service for the months June, July, and August. Assume that the company will not be subject to income tax. Income Statement Total revenues Expenses 821201782926A docx