At the end of December, after adjusting, Mike Andrew got the following ledger accounts: Cash -- $6,780 (dr.); Accounts Receivable -- $1,600 (cr.); Prepaid Insurance -- $440 (dr.); Supplies -- $400(dr.) Cutting Machine -- $920 (dr.); Accumulated Depreciation, cutting machine -- $38 (cr.); Accounts Payable -- $40 (cr.); Mike Andrew, Capital -- $6,800 (cr.); Service Revenue -- $580 (cr.); Wages Expense -- $200(dr.); Telephone Expense -- $40 (dr.); Insurance Expense -- $40 (dr.); Supply Expense -- $200 (dr.); Depreciation Expense -- $38 (dr.). Suppose that at the end of this month, $200 of supplies had been used up and the estimated useful life of cutting equipment is 2 years and salvage value is zero. Please prepare income statement.