Nona Curry started her own consulting firm, Blossom Consulting Inc., on May $1,2025.$ The following transactions occurred during the month of May.

May $1$ Stockholders invested $$15,000$ cash in the business in exchange for common stock.

$2$ Paid $$650$ for office rent for the month.

$3$ Purchased $$550$ of supplies on account.

$5$ Paid $$150$ to advertise in the County News.

$9$ Received $$1,450$ cash for services performed.

$12$ Paid $$250$ cash dividend.

$15$ Performed $$4,300$ 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 $$1,300$ for services performed on account on May $15.$

$26$ Borrowed $$5,000$ from the bank on a note payable.

$29$ Purchased office equipment for $$2,000$ paying $$200$ in cash and the balance on account.

$30$ Paid $$180$ for utilities.

$($a$)$

Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. $($If a transaction causes 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. Include margin explanations for any changes in Retained Earnings.$)$

b$)$

Prepare an income statement for the month of May $2025.$

c$)$

Prepare a classified balance sheet at May $31,2025.($List current assets in order of liquidity.$)$