the income statement of gopitkumar co. for the month of

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the income statement of gopitkumar co. for the month of july shows net income of $1,400 based on service revenue $5,500, salaries and wages expense $2,300, supplies expense $1,200, and utilities expense $600. in reviewing the statement, you discover the following.1. insurance expired during july of $400 was omitted.2. supplies expense includes $250 of supplies that are still on hand at july 31.3. depreciation on equipment of $150 was omitted.4. accrued but unpaid salaries and wages at july 31 of $300 were not included.5. services performed but unrecorded totaled $650.instructionsprepare a correct income statement for july 2015.
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