Create the journal entries in proper form for the following transactions, 1. On May 16, we billed birds eye corporation $2500 for consulting work completed 2. On May 20, we paid $600 cash for advertising in the local paper for 2 weeks. 3. On May 27, we received a payment of $1,200 from Bird Eye Corporation for the consulting work we billed them for on May 16th 4. On May 30th, we purchased $1,600 of supplies for use over the next 8 months on credit 5. If penguin consulting corporation had a net income of $127,000 before the four entries above were journalized and posted to the general ledger, what is their net income after the entries were posted