The following information applies to the questions displayed below The following transactions occurred during July: Received $1.150 cash for services performed during July. Received $6.250 cash from the issuance of common stock to Owners. Received $575 from a customer as payment for services performed during June. Billed $4, 100 to customers for services performed on account in July. Borrowed $2, 800 from the bank and signed a promissory note. Received $1.525 from a customer for services to be performed during August. What is the amount of revenue that will be reported on the income statement for the month ended July 31? $8625 $73502 $5250 $6.775