The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In reviewing the statement, you discover the following. 1.Insurance expired during July of $400 was omitted. 2.Supplies expense includes $200 of supplies that are still on hand at July 31. 3.Depreciation on equipment of $150 was omitted. 4.Accrued but unpaid wages at July 31 of $300 were not included. 5.Services provided but unrecorded totaled $500. Instructions Complete the correct income statement for July 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.) Benning Co. Income Statement For the Month Ended July 31, 2010 Revenues Service RevenuePrepaid InsuranceSuppliesEquipmentUtilities ExpenseUnearned RevenueAccumulated DepreciationWages ExpenseAccrued RevenueWages PayableSupplies ExpenseInsurance ExpenseDepreciation Expense $ Expenses EquipmentPrepaid InsuranceService RevenueUnearned RevenueAccumulated DepreciationSuppliesDepreciation ExpenseWages PayableInsurance ExpenseWages ExpenseAccrued RevenueSupplies ExpenseUtilities Expense $ Prepaid InsuranceInsurance ExpenseAccrued RevenueAccumulated DepreciationEquipmentWages PayableSupplies ExpenseUtilities ExpenseService RevenueWages ExpenseDepreciation ExpenseSuppliesUnearned Revenue Insurance ExpenseUtilities ExpenseUnearned RevenueDepreciation ExpenseWages ExpenseSupplies ExpenseService RevenueAccrued RevenuePrepaid InsuranceWages PayableSuppliesAccumulated DepreciationEquipment Wages ExpensePrepaid InsuranceDepreciation ExpenseUnearned RevenueSuppliesAccrued RevenueAccumulated DepreciationUtilities ExpenseWages PayableEquipmentInsurance ExpenseSupplies ExpenseService Revenue Utilities ExpenseInsurance ExpenseService RevenueAccumulated DepreciationWages PayableSupplies ExpensePrepaid InsuranceSuppliesUnearned RevenueAccrued RevenueWages ExpenseEquipmentDepreciation Expense Total Expenses Net income $