The income statement of Sandhill Co. for the month of July shows net income of $2,470 based on Service Revenue $7,150, Salaries and Wages Expense $3,020, Supplies Expense $990, and Utilities Expense $670. In reviewing the statement, you discover the following: 1. Insurance expired during July of $380 was omitted. 2. Supplies expense includes $410 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $350 was omitted. 4. Accrued but unpaid wages at July 31 of $360 were not included. 5. Service performed but unrecorded totaled $790. Prepare a correct income statement for July 2022. SANDHILL CO. Income Statement For the Month Ended July 31, 2022 Revenues Expenses Unearned Service Revenue Salaries and Wages Expense Depreciation Expense 350 i Utilities Expense Insurance Expense 380 i Total Expenses Net Income /(Loss)