Headlands Russell owns Total Care Services. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2017, using the following accounts in the first month of operations:

Cash$2,540

Accounts Receivable$2,600

Supplies$300

Vehicles$2,600

Equipment$2,800

Accounts Payable$950

S. Russell, Investments$6,300

S. Russell, Drawings$700

Service Revenue$4,420

Fuel Expense$80

Telephone Expense$50

Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.)