The following income statement was prepared by an office clerk hired for July. As the accounting supervisor, you recognize that it is incorrect and prepare a corrected multi-step income statement $563, 140 37,5ee 18, 20e 5618,840 Demo Sales Income Statement For Month Ended July 31, 2020 Sales Accounts receivable Unearned sales Net sales Operating expenses: Accumulated depreciation, equipment Advertising expense Cost of goods sold Depreciation expense, equipment Insurance expense Interest expense Interest payable Jen Conway, withdrawals office supplies Prepaid insurance prepaid rent Rent expense Salaries payable Sales discounts LOSS $ 30, 500 14, 200 396, Bee 3,280 2,600 1,900 30 14,1ee 10, Bee 16, eee 25,50 5.680 175,200 695.10 $ 29,260