In May 2017, three friends started a business to deliver packaged food to consumers all across in big cities in Indonesia; the company began its operations immediately. Transactions during the month of May are given below

May. 2	The corporation issued 45,000 shares of capital stock to Kings Enterprise in exchange for $80,000 cash.
May 4	Purchased a truck for $55,000. Made a $20,000 cash down payment and issued a note payable for the remaining balance.
May 5	Paid Sloan Properties $3,500 to rent office space for the month.
May 9	Billed customers $12,300 for services for the first half of May.
May 15	Paid $8,100 in salaries earned by employees during the first half of May.
May 19	Paid Bill's Auto $800 for maintenance and repair services on the company truck.
May 20	Collected $3,900 of the amounts billed to customers on May9.
May 28	Billed customers $15,400 for services performed during the second half of the month.
May 29	Paid $6,500 in salaries earned by employees during the second half of the month.
May 30	Received an $730 bill from SY Petroleum for fuel purchased in March. The entire amount is due by April 16.

Instructions

1. Analyze the effects that each of these transactions will have on the following six component of the company's financial statements for the month of May. Organize your answer tabular form, using the column headings shown below. Use I for increase, D for decrease, an NE for no effect.

Date	Income statement				Balance Sheet
	Revenue		Expenses	Net Income	Assets	Liabilities		Owner Equity