1. May 1 I invested $30,000 cash into my new business. 2. May 2 I Paid $2000 cash for renting out the space for the food outlet 3. May 3 Purchased the furniture worth $4000 on credit 4. May 4 Did renovation of the rented place at $750 cash 5. May 4 Paid for necessary equipments needed to make drinks and other food items $7000 credit 6. May 9 Paid and signed an agreement with a marketing company for 6 months for promotion and advertisement at $3000 cash 7. May 11 Paid of necessary supplies and materials needed to make and cook the food $1100 cash 8. May 13 Hired an employee at $2500 cash per month 9. May 21 Received $5700 debit from the sales of the products 10. May 24 Paid $400 credit for Health insurance of the employee 11. May 29 Payment for fire and theft safety Insurance $450 credit 12. May 31 Did payment of Taxes $2200 credit As an employee of Kontur and Associates, you have been asked to compile the information requested by the client. Based on the information provided in the email complete the following information for Ms. Konturs. Enter the journal entries to record all of the business activity for the month of May. Compile a trial balance from the journal entries. Prepare the income statement, statement of changes in equity, and balance sheet for your client. Prepare an email to Ms. Kontur to submit with the file. Discuss the following: As you are very ambitious and want to demonstrate your analytical skills, provide your insight on the financial performance of your clients first month of business. After completing the financial statements, the client sent another email to you (see Appendix A). Explain to Ms. Kontur how this new information would change the financial statements you already prepared