Part 1 of 3 035 points Required Information [The following information applies to the questions displayed below] An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. Assets ook Cash Accounts Receivable Supplies Equipment Liabilities Accounts Payable Common Stock +16,500 Hint (0) (b) I Print (e) (a) -7,200 +6,600 References (e) +2,458 (f) (9) -4,950 +945 4,950 (h) -3,940 20) Stockholders Equity Retained Earnings -ase Utilities expense, +6,300 Service revenue +3,450 Service revenue -3,948 Wage expense -880 Rent expense (3) -3,890 3,870 4,430 945 13,900 3,485 16,500 3,000 2-a. Prepare an income statement as of July 31