On May 1, Blue Spruce Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,150. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and expenses for the month of May Cash $ 4,800 Notes Payable $28,000 Accounts Receivable 7,550 Rent Expense 1.100 Equipment 64,150 Maintenance and Repairs Expense Service Revenue 6,950 Gasoline Expense 2,300 650 Advertising Expense 200 Utilities Expense Accounts Payable 1,550 550 No additional investments were made in May, but the company paid dividends of $350 during the month. Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performed and billed but not collected at May 31, and (2) $1,150 of gasoline expense was incurred but not paid. Blue Spruce Corp. Income Statement $