Analysis Component: Prepare two different journal entries that might have created the May 31, 2023 balance in the Utilities Expense of $1,340. Use May 31, 2023 as the date for your entries. Journal entry worksheet Record the balance in utilities expense of $1,340 on May 31, 2023. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ HIPSTER OPTICAL } \\ \hline \multicolumn{4}{|c|}{ Statement of Changes in Equity } \\ \hline \multicolumn{4}{|c|}{ Month Ended May 31, 2023} \\ \hline Peeta Binck, capital, /hay 1 & & $ & 0 \\ \hline \multicolumn{4}{|l|}{ Add: Investment by owner } \\ \hline Add: Profit & 2,780 & & 2,780 \\ \hline Total & & & 2,780 \\ \hline \multirow[t]{2}{*}{ Less: Withdrawals by owner } & 1,420 & & \\ \hline & & $ & 1,420 \\ \hline Peeta Black, capital, May 31 & & $ & 57,060 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ HIPSTER OPTICAL } \\ \hline \multicolumn{6}{|c|}{ Balance Sheet } \\ \hline \multicolumn{6}{|c|}{ May 31,2023} \\ \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities } \\ \hline Cash & $ & 17,900 & Accounts payable & $ & 1,540 \\ \hline Accounts receivable & & 7,880 & Unearned service revenue & & 7,200 \\ \hline Office supplies & & 5,800 & Peeta Black, capital & & 55,700 \\ \hline Prepaid insurance & & 9,220 & Total liabilities & & 64,440 \\ \hline Office equipment & & 25,000 & Equity & & \\ \hline & & & F & & \\ \hline & & & 5 & & \\ \hline Total assets & $ & 65,800 & Total liabilities and equity & $ & 64,440 \\ \hline \end{tabular} Required: Using the trial balance provided above, prepare an income statement and sta May 31, 2023, and a balance sheet at May 31, 2023. Journal entry worksheet Record the receipt of the May utility bill, which will be paid next month. Note: Enter debits before credits