DIRECTJONS: Analyze and answer each problem. 1. At the end of the second quarter this year, the following information are made available from the books of Du, Thirty 81 Assoc; Related to Income: Related to Expenses: Unearned Revenue 25,000 Advertising Expense 1 1, 000 Service Revenue 155,000 Salaries Expense 48,000(including 8,000 forJuly 2020) Accrued Revenue 59,000 Repairs Expense 14,000 Utilities Expense 10,000(including est. 2,000 for electricityr am June, bill has not yet received) Supplies Expense 4,000 Prepaid Rent 49,000(onlv 12,000 remain unexpired) Requirement: Prepare a singlestep income statement for the second quarter. [Arrange expenses in descending order