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The income statement of Pina Colada Corp. for the month of July shows net income of $ 2,500 based on Service Revenue $ 6,400, Salaries

The income statement of Pina Colada Corp. for the month of July shows net income of $ 2,500 based on Service Revenue $ 6,400, Salaries and Wages Expense $ 2,200, Supplies Expense $ 1,100, and Utilities Expense $ 600. In reviewing the statement, you discover the following.

1. Insurance expired during July of $ 300 was omitted.
2. Supplies expense includes $ 150 of supplies that are still on hand at July 31.
3. Depreciation on equipment of $ 250 was omitted.
4. Accrued but unpaid salaries and wages at July 31 of $ 300 were not included.
5. Services performed but unrecorded totaled $ 700.

Prepare a correct income statement for July 2019.

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