Lazy River Resort opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Prepare an income statement for the month of May 31 . (Round answers to 0 decimal places, e.g. 5,275.) Prenare a ledser usine the throe-colu umn form of acrou unt Fnter the trial halance amou unts and nost the adiustine entries (Post In addition to those accounts listed on the trial balance, the chart of accounts for Lazy River Resort also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1,2020. 2. A count of supplies shows 700 of unused supplies on May 31. 3. Annual depreciation is 4,032 on buildings and 2,976 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Two-thirds of the unearned rent revenue is recognized as revenue. 7. Salaries of 800 are accrued and unpaid at May 31 . Accounts Payable No. 201 \begin{tabular}{clcc|} Date & Explanation & Ref. & Debit \\ May 31 & Balance & & \\ \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Uneamed Rent Revenue } & \multirow[b]{2}{*}{ Credit } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Balance }} \\ \hline Date & Explanation & Ref. & Debit & & & \\ \hline May 31 & Balance & & & & & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline \multicolumn{5}{|c|}{SalariesandWagesPayable} & & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline \multicolumn{4}{|c|}{ Interest Payable } & & & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline \multicolumn{4}{|c|}{ Mortgage Payable } & & & No. 275 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline \multicolumn{4}{|c|}{ Share Capital-Ordinary } & & & No. 311 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline \multicolumn{4}{|c|}{ Dividends } & & & No. 332 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline \multicolumn{4}{|c|}{ Rent Revenue } & & & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline \multicolumn{4}{|c|}{ Advertising Expense } & & & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline \end{tabular} Prepare a retained earnings statement for the month of May 31. (List items that increase retained earnings first. Round answers to 0 decimal places, e.g. 5,275.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline Deprec & tion Expense & & & & & No. 619 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline Supplie & Expense & & & & & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline Interes & Expense & & & & & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline Insura & e Expense & & & & & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline SalarieExpens & and Wages & & & & & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline May 31 & Adjusting & J1 & & & & \\ \hline Utilitie & Expense & & & & & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance & \\ \hline May 31 & Balance & & & & & \\ \hline \end{tabular} Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,275.) Prepare a statamant of financial position as of May 31. (List Property, Plant and Equipment in onder of Land, Buildings and Equipment. List Current Assets in the reverse onder of liquidity. Round answers to 0 decimal places, e.8 5,275.) LAZY RTVER RESORT, Statement of Financial Position May 31, 2020 For the Year Ended May 31, 2020 For the Month Ended May 31, 2020 = Equity and Liabilities e e