On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records that showed the following items. Accounts payable $ 3,200 Accounts receivable 5,400 Cash 5,000 Computer equipment 5,600 Furniture. 5,200 Breanne Allarie, capital, June 30, 2020* 21,000 Office rent expense 5,900 Owner's investments during July 2020 4,600 4,400 2,640 640 7,600 1,880 1,020 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense "Hint: The ending capital balance for one period is the beginning capital balance for the next period. Use the above information to prepare a July income statement. Revenues: ACADEMIC LEARNING SERVICES Income Statement For Month Ended July 31, 2020 Total revenues Operating expenses: $ 0