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. Stockholders Equity Accounts Receivable abilities Accounts Payable Sunplies Equipment Common Stock Retained Earnings +1. -1.de Utilities expense 5,702 Service revenue +6,640 +1.ese Service revenue esge 4.98e -2.260 wage expense -1,145 Rent expense 2-a. Prepare an income statement as of July 31. NEPCO Income Statement -2,145 ment expense 0 1.710 2.175 2-e. Prepare an income statement as of July 31 Income Stateme NEPCO Balance Sheet *5,7ee Service revenue -620 -1. ese +1,85e Service revenue 198SSSEES 4,98e -2.26 -1 145 -2,260 Mage expense -1,145 Rent expense 999 3,600 14.00 2-b. Prepare a statement of retained earnings for July 31. NEPCO Statement of Retained Earnings Retained Earnings, July 1 Retained Earnings, July 31