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. Supplies expense includes $250 of supplies that are still on hand at July 31. 1 2 Depreciation on equipment of $150 was omitted. 3 Accrued but unpaid salaries and wages at July 31 of $300 were not included. 4 Services performed but unrecorded totaled $650. 5. Prepare a correct income statement for July 2019. Gopitkumar Co. Income Statement For the Month Ended July 31, 2019