Prepare an income statement for the month of May 2017. SHAMROCK, INC. Income Statement Qpen Show Work Click if you would like to Show Work for this question: SHOW LIST OF ACCOUNTS LINK TO TEXTLINK TO TEXT ANSWER SHAMROCK INC Assets Liabilities Stockholders' Equity Notes Date Cash Payable Retained Earni Receivable May1 S 21.825 May2 (873) 21,825 $ (873) S 727 May5 (218 May9 S 2,037 S 2,037 (291 6,11 15 6,111 (3.637 May17 8.637 May,20 (727 May 23 1,746 $ 727 1 $ (1.746 $7,275 May,29(291 910 619 May,30S 21,825 8,1 Totals 26,584 2,910 ,275 619 lem 3-2A (Part Level Submission) Curry started her own consulting firm, Shamrock, Inc., on May 1, 2017. The following transactions occurred during the month of Ma 1 Stockholders invested $21,825 cash in the business in exchange for common stock. Paid $873 for office rent for the month. 2 Purchased $727 of supplies on account. Paid $218 to advertise in the County News. Received $2,037 cash for services performed. Paid $291 cash dividend 3 5 9 2 ed $6,111 of services on account. 7 Paid $3,637 for employee salaries. 0 Paid for the supplies purchased on account on May 3, 3 Received a cash payment of $1,746 for services performed on account on May 15 6 Borrowed $7,275 from the bank on a note payable. 9 Purchased office equipment for $2,910 paying $291 in cash and the balance on account. 0 Paid $262 for utilities