E3.10 (LO 1, 2, 3, 4), AN Financial Statement The income statement of Lundeen Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Salaries and Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In reviewing the statement, you discover the following. 1. Insurance expired during July of $500 was omitted. 2. Supplies expense includes $250 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $150 was omitted. 4. Unpaid salaries and wages at July 31 of $400 were not included. 5. Services performed but unrecorded totaled $650. Instructions Prepare a correct income statement for July 2022. Revenue Expenses Total expenses Net income LUNDEEN COMPANY Income Statement For the Month Ended July 31, 2022