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The income statement of Culver Co. for the month of July shows net income of $2,760 based on Service Revenue $7,160, Salaries and Wages Expense

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The income statement of Culver Co. for the month of July shows net income of $2,760 based on Service Revenue $7,160, Salaries and Wages Expense $2.730. Supplies Expense $920, and Utilities Expense $750. In reviewing the statement. you discover the following: 1. Insurance expired during July of $480 was omitted. 2. Supplies expense includes $380 of supplies that are still on hand at July 31 . 3. Depreciation on equipment of $320 was omitted. 4. Accrued but unpaid wages at July 31 of $310 were not included. 5. Services performed but unrecorded totaled $610. Prepare a correct income statement for July 2025

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