Michelle Fontaine runs an outdoor adventure company called Call of the Wild Ltd$.$ Her busiest months are June through September, although, if the weather holds, she extends her excursions into October and November. For the month of July, she recorded the following items:

She paid $$50,200$ for employee wages and she spent $$16,000$ on advertising.

Customers paid her $$174,600$ for excursions that took place in July $($use Service Revenue account$)$ and $$21,300$ in deposits for trips scheduled in August and September.

She used supplies in July that cost $$25,700.$

She spent $$1,532$ on the utilities for the office and $$3,460$ on gas and repairs on the vehicles $($use Operating Expenses account$).$

$($a$)$ Prepare a statement of income to determine how much Call of the Wild Ltd$.$ earned in July.