Question 8 The income statement of Bjorn ASA for the month of July shows net income of 2,468 based on Service Revenue 6,128, Salaries and Wages Expense 2,001, Supplies Expense 1,250, and Utilities Expense 409. In reviewing the statement, you discover the following. 1. 2. 3. Insurance expired during July of 418 was omitted. Supplies expense includes 321 of supplies that are still on hand at July 31. Depreciation on equipment of 194 was omitted. Accrued but unpaid salaries and wages at July 31 of 275 were not included. Services performed but unrecorded totaled 958. 4. 5. Prepare a correct income statement for July 2017. Prepare a correct income statement for July 2017. BJORN ASA Income Statement July 31, 2017