The income statement of Norski Co. for the month of July shows net income of $2,000 based on Service Revenue $5,500, Salaries Wages Expense $2,100, Supplies Expense $900, and Utilities Expense $500. In reviewing the statement, you discover the following 1. 2. 3. 4. 5. Insurance expired during July of $350 was omitted. Supplies expense includes $200 of supplies that are still on hand at July 31. Depreciation on equipment of $150 was omitted. Accrued but unpaid wages at July 31 of $360 were not included. Service performed but unrecorded totaled $700. Prepare a correct income statement for July 2022. NORSKI CO. Income Statement

The income statement of Norski Co. for the month of July shows net income of $2,000 based on Service Revenue $5,500, Salarie Wages Expense \$2,100, Supplies Expense $900, and Utilities Expense $500. In reviewing the statement, you discover the followi 1. Insurance expired during July of $350 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 $360 were not included. 5. Service performed but unrecorded totaled $700. Prepare a correct income statement for July 2022