On July $1,2023,$ Academic Learning Services entered its second month of operations. On July $31,2023,$ Breanne Allarie, the owner, finalized the company$$s records that showed the following items.

Accounts payable $ $3,500$

Accounts receivable $6,000$

Cash $5,600$

Computer equipment $6,200$

Furniture $5,800$

Breanne Allarie, capital, June $30,2023*23,400$

Office rent expense $6,500$

Owner$$s investments during July $20235,200$

Owner$$s withdrawals $5,000$

Supplies $2,880$

Textbook rental revenue $700$

Tutoring revenue $8,200$

Tutors$$ wages expense $1,940$

Utilities expense $1,080$

$*$Hint: The ending capital balance for one period is the beginning capital balance for the next period.

Use the above information to prepare a July income statement.