Nona Curry started her own consulting firm, Windsor, Inc., on May 1, 2017. The following transactions occurred during the month of May.

May 1		Stockholders invested $19,125 cash in the business in exchange for common stock.
2		Paid $765 for office rent for the month.
3		Purchased $637 of supplies on account.
5		Paid $191 to advertise in the County News.
9		Received $1,785 cash for services performed.
12		Paid $255 cash dividend.
15		Performed $5,355 of services on account.
17		Paid $3,187 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,530 for services performed on account on May 15.
26		Borrowed $6,375 from the bank on a note payable.
29		Purchased office equipment for $2,550 paying $255 in cash and the balance on account.
30		Paid $229 for utilities.

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. See Illustration 3-3 for example.)

Assets + Accounts Receivable + WINDSOR, INC. Liabilities Notes Payable + Accounts Payable + Common Stock + Date Cash Supplies + Equipment Stockholders' Equity Retained Earnings Revenues Expenses Dividends May 1 $ $ $ May 2 May 3 May 5 May 9 May 12 May 15 May 17 May 20 May 23 May 26 May 29 May 30 $ Prepare an income statement for the month of May 2017. WINDSOR, INC. Income Statement $ Prepare a classified balance sheet at May 31, 2017. (List current assets in order of liquidity) WINDSOR, INC. Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $