Prepare an owner's equity statement for the month of May. PHAROAH'S HOTEL Owner's Equity Statement For the Month Ended May 31, 2022 + Owner's Capital, May 1 Add : Investment by Owner Net Income/(Loss) $ EA Owner's Capital, May 31 + +A $ Prepare an income statement for the month of May. PHAROAH'S HOTEL Income Statement For the Month Ended May 31, 2022 Revenues Rent Revenue Expenses Advertising Expense 650 Depreciation Expense 429 i Supplies Expense Interest Expense 1,350 i 200 Insurance Expense 250 Salaries and Wages Expense 3,900 i Utilities Expense 900 i 15,500) Utilities Expense Total Expenses Net Income/(Loss) 900 i 7,679 7.821 PHAROAH'S HOTEL Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $3,600 126 Supplies 2,050 130 Prepaid Insurance 3,000 140 Land 13,000 141 Buildings 61,800 149 Equipment 14,400 200 Notes Payable $40,000 201 Accounts Payable 4,900 208 Unearned Rent Revenue 3,000 301 Owner's Capital 41,200 429 Rent Revenue 13,500 610 Advertising Expense 650 726 Salaries and Wages Expense 3,200 732 Utilities Expense 900 $102,600 $102,600