The following transactions are July activities of Craigs Bowling, Inc.

1. Craigs collected $14,600 from customers for games played in July.
2. Craig's sold bowling merchandise inventory from its pro shop for $8,000; received $3,300 in cash and customers owed the rest on account. [The cost of goods sold (expense) related to these sales is $2,890.]
3. Craigs received $2,500 from customers who purchased merchandise in June on account.
4. The mens and ladies bowling leagues gave Craigs a deposit of $2,500 for the upcoming fall season.
5. Craigs paid $1,100 on the electricity bill for June (recorded as expense in June).
6. Craigs paid $4,600 to employees for work in July.
7. Craigs purchased $1,710 in insurance for coverage from July 1 to October 1. (Part is an expense for July and part is a prepaid expense to be used in future months.)
8. Craigs paid $1,100 to plumbers for repairing a broken pipe in the restrooms.
9. Craigs received the July electricity bill for $2,500 to be paid in August.

1.5 points Prepare an income statement for Craig's Bowling, Inc., for the month of July. CRAIG'S BOWLING, INC. Income Statement eBook For the Month of July Revenues: Print Total revenues References Expenses: Total expenses