Prepere an income statement for the month of May. Assume the following adjustment data. 1. Supplies on hand at October 31 total $400 2. Expired insurance for the month is $160. 3. Depreciation for the month is $70. 4. Services related to unearned service revenue in October wor th $600 were performed. 5. Senvices performed but not recorded at October 31 are $300. 6. Interest to be accrued at October 31 is $80. 7. Salaries to be accrued at October 31 are $1,200. Prepare an owner's equity statement for the month of May. NANHOES MOTEL Balancesheet Assets s Liabilities and Owner's Equity s