Prepare an income statement for the month of May 31. Current Attempt in Progress The Blue Spruce Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Question 12 of 12 0.57/1 \begin{tabular}{|c|c|c|c|} \hline 141 & Buildings & 72,000 & \\ \hline 149 & Equipment & 16,800 & \\ \hline 200 & Notes Payable & & $48,000 \\ \hline 201 & Accounts Payable & & 13,424 \\ \hline 208 & Unearned Rent Revenue & & 3,960 \\ \hline 311 & Common Stock & & 42,000 \\ \hline 429 & Rent Revenue & & 11,160 \\ \hline 610 & Advertising Expense & 720 & \\ \hline 726 & Salaries and Wages Expense & 3,960 & \\ \hline \multirow[t]{2}{*}{732} & Utilities Expense & 1,080 & \\ \hline & & $118,544 & $118,544 \\ \hline \end{tabular} In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce Corp. also contains the following In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce Corp. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1,2022. 2. A count of supplies shows $900 of unused supplies on May 31. 3. Annual depreciation is $3,600 on the buildings and $1,680 on equipment. 4. The note payable annual interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31. Question 12 of 12 Salaries and Wages Expense 0.57/1 Utilities Expense