The accounts in the ledger of Sheridan Company contain the following balances on July 31, 2022. $12,300 Accounts Receivable Accounts Payable $1,600 7,500 Prepaid Insurance Maintenance and Repairs Expense Service Revenue 1,600 Cash 16,680 16.900 Equipment 60,800 Dividends 650 Gasoline Expense 970 Common Stock 40,000 Insurance Expense 520 8,400 Salaries and Wages Expense Salaries and Wages Payable Notes Payable, due 2024 31,700 1,000 Retained Earnings (July 1, 2022) 6,420 Prepare an income statement for the month of July 2022 SHERIDAN COMPANY Income Statement July 31, 2022