The income statement of Pharoah Company for the month of July shows net income of $3.180 based on Service Revenue $7,180, Salaries and Wages Expense $2,510, Supplies Expense $940, and Utilities Expense $550. In reviewing the statement. you discover the following: 1. 2 3 Insurance expired during July of 5470 was omitted. Supplies expense includes $300 of supplies that are still on hand at July 31. Depreciation on equipment of $160 was omitted. Accrued but unpaid wages at July 31 of $480 were not included. Service performed but unrecorded totaled $690. 4. 5. Prepare a correct income statement for July 2017 PHAROAH COMPANY Income Statement $ PHAROAH COMPANY Income Statement $