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On May 1, Marigold Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,300. Following are

image text in transcribed On May 1, Marigold Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,300. Following are the assets and liabilities of the company on May 31,2022, and the revenues and expenses for the month of May. No additional investments were made in May, but the company paid dividends of $200 during the month. Prepare an income statement for the month of May

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