Nancy Jackson started her own consulting firm, Jackson Consulting Inc, on May 1, 2022. The following transactions occurred during the month of May May 1 2 3 5 19 9 Stockholders invested $15,300 cash in the business in exchange for common stock Paid $612 for office rent for the month Purchased $510 of supplies on account Paid $153 to advertise for the month in the County News Performed services for customer for $1.428 cash Paid $204 cash dividend. Performed $4.284 of services on account Paid $2.550 for employee salaries. Paid for the supplies purchased on account on May 3 12 15 17 20 15 17 20 23 Performed $4,284 of services on account. Paid $2,550 for employee salaries Paid for the supplies purchased on account on May 3. Received a cash payment of $1,224 for services performed on account on May 15. Borrowed $5,100 from the bank on a note payable. Purchased office equipment for $2,940 paying $204 in cash and the balance on account. Paid $188 for utilities 26 29 30 Vie dccounting equation using the following format. Assume the note payable is to be repaid within the year. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Date Cash Accounts Receivable Supplies May 1 15,300 May 2 -612 May 3 510 1.24/5 E May 9 1.428 May 12 -204 May 15 4,284 May 17 2,550 May 20 -510 May 23 1.224 -1.224 May 26 5.100 May 29 -204 He come statement for the month of May 2022 JACKSON CONSULTING INC. Income Statement I $ 1.24/5 e Textbook and Media