The following transactions occurred during July:

1.	Received $850 cash for services performed during July.
2.	Received $5,200 cash from the issuance of common stock to owners.
3.	Received $425 from a customer as payment for services performed during June.
4.	Billed $3,650 to customers for services performed on account in July.
5.	Borrowed $2,500 from the bank and signed a promissory note.
6.	Received $1,075 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?

$4,500

$7,425

$5,575

$6,000