The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May Revenue Expenses: Rent Expense dvemslng Expense ages Expense Net Income 50 20 S2,54 Sl.200 Sl,340 TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY wner's Equl at Ma 1 $0 plus: Investment plus: Nel Income less: Wlthdrawals 2.000 1,340 wner's Equlty at May 3 $3,340 TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 IA81LITES AND OWNER'S EQUI SETS Current Assets Cash ccounts Recelvabl Prepald Rent Prepald Advertlslng upplles Equlpment otal Assets Current Llabllltles: $1,380 3.500 $ 500 $ 500 $ 100 $ 360 $4,340 ccounts Payable dvemslng Payable dvances from Customers wner's Equl otal Llabllltles & OE $300 $500 $200 $3,98 $3,340 $4,3