\begin{tabular}{|c|c|c|c|c|c|c|} \hline May 5 & & J1 & & & 250 & 1,950 \\ \hline May 10 & & J1 & & & 71 & 1,879 \\ \hline May 12 & & J1 & & 1,300 & & 3,179 \\ \hline May 15 & & J1 & & & 200 & 2,979 \\ \hline May 17 & & J1 & & 1,200 & & 4,179 \\ \hline May 19 & & J1 & & 140 & & 4,319 \\ \hline May 24 & & 31 & & & 2,100 & 2,219 \\ \hline May 25 & & J1 & & 600 & & 2,819 \\ \hline May 27 & & J1 & & & 24 & 2,795 \\ \hline May29 & & J1 & & 20 & & 2,815 \\ \hline May 31 & & J1 & & & 600 & 2,215 \\ \hline \multicolumn{7}{|l|}{ Supplies } \\ \hline Date & Explanation & Ref. & Debit & & Credit & Balance \\ \hline May 11 & & J1 & & 300 & & 300 \\ \hline \multicolumn{7}{|c|}{ Accounts Payable } \\ \hline Date & Explanation & Ref. & Debit & & Credit & Balance \\ \hline May 1 & & J1 & & & 3,800 & \\ \hline \end{tabular} Accounts Payable No. 2 \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 1 & & J1 & & 3,800 & 3,800 \\ \hline May 5 & & J1 & 250 & & 3,550 \\ \hline May 10 & & J1 & 3,550 & & \\ \hline May 17 & & J1 & & 1,200 & 1,200 \\ \hline May 25 & & J1 & & 600 & 1,800 \\ \hline May 27 & & J1 & 1,200 & & 600 \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No.: \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 1 & Balance & & & & 5,500 \\ \hline \multicolumn{5}{|l|}{ Sales Revenue } & No. 2 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 2 & & J1 & & 2,500 & 2,500 \\ \hline May 24 & & J1 & & 3,300 & 5,800 \\ \hline May 31 & & J1 & & 1,500 & 7,300 \\ \hline \end{tabular} Prepare a multiple-step income statement through gross profit for the month of May 2022. (Use the ledger balances from part b and assume that no adjustments are necessary.) (Enter negative amounts using elther a negative slgn preceding the number eg. -45 or parentheseseg. (45).)