On 30 June 2021, Macquarie Ltd, a service company, recorded the follow transactions. (1) It received $660 cash payment from its customer. (2) It sent out a $880 invoice for a service performed on 29 June 2021. The customer is expected pay on 6 July 2021. (3) It scheduled a $810 service to be performed on 2 July 2021. (3) It has made a $320 operating expense in cash. (4) It received $280 supplies from its supplier and will make the payment one weeks later. (5) On 1 January 2021, Macquarie paid for a two-year insurance policy on a machine amounting to $800. Suppose 30 June 2021 is the date of financial year end. Prepare the income statement for Macquarie Ltd