ABC opened the consulting service on May 1, 2022. During the first month of operations, the following transactions occurred. 1. invested $40,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $30,000. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months. 5. Paid $1,800 cash for a one-year insurance policy on the furniture and equipment. 16. Purchased basic office supplies for $500 cash. 18. Total revenues earned were $20,000-$8,000 cash and $12,000 on account. 19. Paid $400 to suppliers for accounts payable due. 22. Received $3,000 from customers in payment of accounts receivable. 23. Received utility bills in the amount of $350, to be paid next month. 29. Paid the monthly salaries of the two employees, totaling $6,100. Prepare a trial balance and show every necessary steps of calculation