The income statement of Wildhorse Co. for the month of July shows net income of $4,240 based on Service Revenue $8,400,5alaries and Wages Expense $2,510, Supplies Expense $950, and Utilities Expense $700. In reviewing the statement, you discover the following: 1. Insurance expired during July of $530 was omitted. 2. Supplies expense includes $220 of supplies that are still on hand at July 31 . 3. Depreciation on equipment of $330 was omitted. 4. Accrued but unpaid wages at July 31 of $430 were not included. 5. Service performed but unrecorded totaled $680. Prepare a correct income statement for July 2022. WILDHORSE CO. Income Statement v