Heidi Jara opened Jara's Cleaning Service on July 1, 2017.During July, the following transactions were completed. July ?1Stockholders invested $20,000 cash in the business in exchange forcommon stock. 1 Purchased used truck for $9,000, paying $4,000 cashand the balance on account. 3 Purchased cleaning supplies for$2,100 on account. 5 Paid $1,800 cash on a 1-year insurance policyeffective July 1. 12 Billed customers $4,500 for cleaning services.18 Paid $1,500 cash on amount owed on truck and $1,400 on amountowed on cleaning supplies. 20 Paid $2,500 cash for employeesalaries. 21 Collected $3,400 cash from customers billed on July12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350for the monthly gasoline bill for the truck. 31 Paid a $5,600 cashdividend. The chart of accounts for Jara's Cleaning Servicecontains the following accounts: No. 101 Cash, No. 112 AccountsReceivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157Equipment, No. 158 Accumulated Depreciation—Equipment, No. 201Accounts Payable, No. 212 Salaries and Wages Payable, No. 311Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense,No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722Insurance Expense, and No. 726 Salaries and Wages Expense.Instructions (a) Journalize and post the July transactions usingthe general journal tab in Excel (b) Prepare a trial balance atJuly 31 using the trial balance tab in Excel (b) Trial balance$34,700 (c) Journalize and post the following adjusting entriesusing the general journal for adjustments tab in Excel. Prepare anadjusted trial balance using the adjusted trial balance tab inExcel. 1. Unbilled and uncollected revenue for services performedat July 31 were $2,700. 2. Depreciation on equipment for the monthwas $500. 3. One-twelfth of the insurance expired. 4. An inventorycount shows $600 of cleaning supplies on hand at July 31. 5.Accrued but unpaid employee salaries were $1,000. (c) Adjustedtrial balance $38,900 (d) Prepare an income statement and aretained earnings statement for July and a classified balance sheetat July 31, using the financial statements tab in Excel. (d) Netincome $7,200 Total assets $26,800 (e) Journalize and post closingentries using the general journal for closing ent tab in Excel. (g)Prepare a post-closing trial balance at July 31 using the postclosing trial balance tab in Excel. (g) Post-closing trial balance$27,300

I need help with the income statement after the adjustingentries are made. I am not getting what my professor says i'msuppose to and cant not figure out why.