On May 31, 20X8, Deana's Services Company had account balances as follows:

Accounts payable	$ 9,900
Accounts receivable	26,950
Cash	11,390
Fees earned	70,800
Insurance expense	1,475
Land	74,400
Miscellaneous expense	1,510
Prepaid insurance	2,000
Rent expense	8,000
Salary expense	35,300
Dividends	15,100
Supplies	950
Supplies expense	825
Utilities expense	3,800
Capital stock	81,000
Retained earnings (beginning balance on May 1, 20Y8)	20,000

Present, in good form, (a) an income statement for May, (b) a statement of shareholders' equity for May, and (c) a balance sheet as of May 31.

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