1. A electricity invoice for $2,000 was received on the last day of the month for electric and gas service for the month of June. 2. A company insurance salesman sold a life insurance policy to a client for a premium of $28,000. The agency invoiced the client for the policy and is entitled to a commission of 20%. 3. Supplies on hand at the beginning of the month were $3,000. The agency purchased additional supplies during the month for $2,500 in cash and $2,200 of supplies were on hand at 30 June. 4. The agency purchased a new car at the beginning of the month for $16,800 cash. The car will depreciate $4,200 per year. 5. Salaries owed to employees at the end of the month total $5,300. The salaries will be paid on July 5. structions epare a corrected income statement