Exercise 3-10 The income statement of Gopitkumar 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. Insurance expired during July of $400 was omitted. 1. Supplies expense indudes $250 of supplies that are still on hand at July 31 2. Depreciation on equipment of $150 was omitted. 3. 4. Accrued but unpaid salaries and wages at July 31 of $300 were not indluded. Services performed but unrecorded totaled $650. 5. Prepare a correct income statement for July 2020. Gopitkumar Co. Income Statement 1027 AM de ENG 9na2019