Kimberly Young started her own consulting firm, Young Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May.

May 1		Stockholders invested $18,900 cash in the business in exchange for common stock.
2		Paid $756 for office rent for the month.
3		Purchased $630 of supplies on account.
5		Paid $189 to advertise for the month in the County News.
9		Performed services for customer for $1,764 cash.
12		Paid $252 cash dividend.
15		Performed $5,292 of services on account.
17		Paid $3,150 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,512 for services performed on account on May 15.
26		Borrowed $6,300 from the bank on a note payable.
29		Purchased office equipment for $2,520 paying $252 in cash and the balance on account.
30		Paid $236 for utilities.

Prepare an income statement for the month of May 2022.

Prepare an income statement for the month of May 2022.

YOUNG CONSULTING INC. Income Statement choose the accounting period For the Year Ended May 31, 2022For the Month Ended May 31, 2022May 31, 2022
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, May 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item		$enter a dollar amount
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, May 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, May 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues		enter a total amount for section two
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, May 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues		$enter a total net income or loss amount