The income statement of Sandhill Co. for the month of July shows net income of $2,480 based on Service Revenue $6,820, Salaries and Wages Expense $2,604, Supplies Expense $1,116, and Utilities Expense $620. In reviewing the statement, you discover the following: 1. Insurance expired during July of $434 was omitted. 2. Supplies expense includes $248 of supplies that are still on hand at July 31 . 3. Depreciation on equipment of $186 was omitted. 4. Accrued but unpaid wages at July 31 of $442 were not included 5. Services performed but unrecorded totaled $868. Prepare a correct income statement for July 2022. SANDHILLCO. Income Statement