Exercise 3-10 The income statement of Splish Brothers Inc. for the month of July shows net income of $2,500 based on Service Revenue $6,500, Salaries and Wages Expense $2,400, Supplies Expense $1,100, and Utilities Expense $500. In reviewing the statement, you discover the following.. 1 Insurance expired during July of $500 was omitted. 2. 3. 4. 5. Supplies expense includes $150 of supplies that are still on hand at July 31.) Depreciation on equipment of $350 was omitted. Accrued but unpaid salaries and wages at July 31 of $300 were not included. Services performed but unrecorded totaled $700. Prepare a correct income statement for July 2020. Splish Brothers Inc. Income Statement For the Month Ended July 31, 2020 Revenues Service Revenue Expenses Total Revenues Net Income/ (Loss) +A