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Cullumber's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Other data: 1. Prepaid insurance

image text in transcribedimage text in transcribedimage text in transcribed Cullumber's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Other data: 1. Prepaid insurance is a 1-year policy starting May 1,2022. 2. A count of supplies shows $700 of unused supplies on May 31 . 3. Annual depreciation is $3,528 on the buildings and $1,560 on equipment. 4. The note payable interest rate is 6%. (The note was taken out on May 1 and will be repaid along with interest in 1 year.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $800 are unpaid and unrecorded at May 31 . Prepare an income statement for the month of May

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