13 Equity On May 1, Covid Issues 1,000 shares of $2 par value common stock for $3 per share. What is Covid's journal entry on May 1? DR CR CR On May 10, Covid issues 500 shares of $2 par value common stock for $4/share. What is Covid's journal entry on May 10? DR CR CR As of May 31, Covid records Net Income of $5,000. Assuming Covid has no other equity transactions prior to May, Prepare Covid's Statement of Shareholder's Equity as of May 31