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The income statement of Cullumber Company for the month of July shows net income of $2,490 based on Service Revenue $7,100, Salaries and Wages Expense

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The income statement of Cullumber Company for the month of July shows net income of $2,490 based on Service Revenue $7,100, Salaries and Wages Expense $2,930, Supplies Expense $920, and Utilities Expense $760. In reviewing the statement, you discover the following: 1. Insurance expired during July of $490 was omitted, 2. Supplies expense includes $340 of supplies that are still on hand at July 31 . 3. Depreciation on equipment of $240 was omitted. 4. Accrued but unpaid wages at July 31 of $400 were not included. 5. Service performed but unrecorded totaled $730. Prepare a correct income statement for July 2022. Prepare a correct income statement for July 2022

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