The following transactions occurred during July: Received $1,550 cash for services performed during July. Received $7,650 cash from the issuance of common stock to owners. Received $775 from a customer as payment for services performed during June. Billed $4,700 to customers for services performed on account in July. Borrowed $3,200 from the bank and signed a promissory note. Received $2,125 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