Josephine D’eau operates a water park called Slip and Slide Ltd. Her busiest months are April through September, although, if the weather holds, she extends park access into October. For the month of July, she recorded the following items:

1. She paid $25,000 for employee wages and she spent $5,430 on promotional material.

2. Customers paid her $200,650 to access the water park in July and $6,000 to park their cars. She enticed customers to purchase advance tickets for the month of August and collected $35,000 for these advance ticket sales in the month of July.

3. She used chemical supplies to purify the water in July that cost $15,469.

4. She spent $6,153 for the use of water and $8,756 on electricity as the water park extended operating hours until midnight for the month of July.

Required

a. Prepare a statement of income to determine how much Slip and Slide Ltd. earned in July.

b. Are there any other costs that might have been incurred in July but were not listed?