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Sandhill Clark opened Sandhill's Cleaning Service on July 1.2022. During July, the following transactions were completed. July 1 Sandhill invested $20.000 cash in the business.

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Sandhill Clark opened Sandhill's Cleaning Service on July 1.2022. During July, the following transactions were completed. July 1 Sandhill invested $20.000 cash in the business. 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,600 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $340 for the monthly gasoline bill for the truck. 31 Withdraw $5,500 cash for personal use. Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or purentheseses. (45)

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