Prepare an income statement for July, a statement of owner's equity for July, and a balance sheet as of July 31, 202 Upper X. Start by preparing the income statement. Huggin's Moving Co. Income Statement For Month Ended July 31, 202X Revenue: Operating Expense: Total Operating Expenses Net income Help me solve this Calculator Ask my instructor pop-up content starts Reference Huggin's Moving Co. Worksheet Month Ended July 31, 202X Trial Balance Adjustments Account Titles Debit Credit Debit Credit Cash 2,000 Prepaid Insurance 2,100 A. 700 Moving Supplies 1,500 B. 100 Moving Truck 8,000 Accum. Dep., Moving Truck 7,500 C. 500 Accounts Payable 2,300 A. Huggin, Capital 720 A. Huggin, Withdrawals 1,200 Revenue from Moving 8,600 Wage Expense 3,380 D. 320 Rent Expense 700 Advertising Expense 240 Totals 19,120 19,120 Insurance Expense A. 700 Moving Supplies Expense B. 100 Dep. Expense, Moving Truck C. 500 Wages Payable D. 320 Totals 1,620 1,620 Net income Totals Adjusted Trial Balance Debit Credit 2,000 1,400 1,400 8,000 8,000 2,300 720 1,200 8,600 3,700 700 240 700 100 500 320 19,940 19,940 Income Statement Debit Credit 8,600 3,700 700 240 700 100 500 5,940 8,600 2,660 8,600 8,600 Balance