The income statement of Norski Co. for the month of July shows net income of $2,000 based on Service Revenue $5,500, Salaries and Wages Expense $2,100, Supplies Expense $900, and Utilities Expense $500. In reviewing the statement, you discover the following: 

1. Insurance expired during July of $350 was omitted. 

2. Supplies expense includes $200 of supplies that are still on hand at July 31. 

3. Depreciation on equipment of $150 was omitted. 

4. Accrued but unpaid wages at July 31 of $360 were not included. 

5. Services performed but unrecorded totaled $700. 

Instructions 

Prepare a correct income statement for July 2022.