Jess opened Jessica Company on May 1, 2021. Jessica Company completed the following merchandising transactions in the month of May. May 1, The owner invests $12,000 cash in exchange for common stock. May 2, Purchase merchandise from Maniton Company for $7,000; term 2/10, n/30. May 12, Sold merchandise to Happy Company for $6,000, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of $100 for freight on this date. The inventory sold had a cost of $3,200 May 15, Paid $300 cash for utilities bill of May May 21, Receive payment from Happy Company in full, less discount if any May 31, Paid employees' salaries and wages $1,500 cash Requirement: 1. Journalize the transactions for Jessica Company for the month of May using perpetual inventory system. 2. Prepare multiple step Income statement for the month of May for Jessica Company