The following transactions are July 2014 activities of Craigs Bowling, Inc. a. Craigs collected $13,100 from customers for games played in July. b. Craigs sold bowling equipment inventory for $8,600; received $2,200 in cash and the rest on account. c. Craigs received $1,900 from customers on account who purchased merchandise in June. d. The mens and ladies bowling leagues gave Craigs a deposit of $3,200 for the upcoming fall season. e. Craigs sold bowling merchandise costing $2,890. f. Craigs paid $1,800 on the electricity bill for June (recorded as expense in June). g. Craigs paid $5,500 to employees for work in July. h. Craigs purchased $1,830 in insurance for coverage from July 1 to October 1. i. Craigs paid $1,100 to plumbers for repairing a broken pipe in the restrooms. j. Craigs received the July electricity bill for $2,200 to be paid in August. Prepare an income statement for Craigs Bowling, Inc., for the month of July 2014.