Karen White started her own consulting firm, White Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $15,600 cash in the business in exchange for common stock. 2 Paid $624 for office rent for the month. 3 Purchased $520 of supplies on account. 5 Paid $156 to advertise for the month in the County News. 9 Performed services for customer for $1,456 cash. 12 Paid $208 cash dividend. 15 Performed $4,368 of services on account. 17 Paid $2,600 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1.248 for services performed on account on May 15. 26 29 22 30 Borrowed $5,200 from the bank on a note payable. Purchased office equipment for $2,080 paying $208 in cash and the balance on account. Paid $192 for utilities. Prepare an income statement for the month of May 2022. WHITE CONSULTING INC. Income Statement