On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allarie, the owner, finalized the companys records that showed the following items.

Accounts payable	$	2,750
Accounts receivable		4,500
Cash		4,100
Computer equipment		4,700
Furniture		4,300
Breanne Allarie, capital, June 30, 2023*		17,400
Office rent expense		5,000
Owners investments during July 2023		3,700
Owners withdrawals		3,500
Supplies		2,280
Textbook rental revenue		550
Tutoring revenue		6,700
Tutors wages expense		1,790
Utilities expense		930

*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.