On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records that showed the following items. Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capital, June 30, 2020 Office rent expenso Owner's investments during July 2020 Owner's withdrawala Supplies Textbook rental revenue Tutoring revenue Tutors" wages expense Utilities expense $2,900 4.800 4,400 5.000 4.600 10.600 5,300 4,000 3,800 2,400 580 7.000 1,820 960 "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. ACADEMIC LEARNING SERVICES Income Statement For Month Ended July 31, 2020 Revenues: Total revenues Operating expenses 0 Total operating expenses 0