Is this correct?

During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1, 110. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $600 for mowers, trimmers, and tools. To acquire these items, he borrowed $2, 740 cash by signing a note payable promising to pay the $2, 740 plus interest of $80 at the end of the three months (ending August 31). At the end of the summer, James realized that he had done a lot of work, and his bank account looked good. This fact prompted him to become concerned about how much profit the business had earned. A review of the check stubs showed the following: Bank deposits of collections from customers totaled $12, 800. The following checks had been written: gas, oil, and lubrication, $1, 080; pickup repairs, $430; mower repair, $120; miscellaneous supplies used, $230; helpers, $6,000; payroll taxes, $290; payment for assistance in preparing payroll tax forms, $35; insurance, $245; telephone, $270; and $2, 820 to pay off the note including interest (on August 31). A notebook kept in the pickup, plus some unpaid bills, reflected that customers still owed him $730 for lawn services rendered and that he owed $190 for gas and oil (credit card charges). He estimated that the cost for use of the truck and the other equipment (called depreciation) for three months amounted to $620. Required: Prepare a quarterly income statement for James Cook Lawn Service for the months June, July, and August 2014. Assume that the company will not be subject to income tax