Problem 3-2A Nona Curry started her own consulting firm, Teal Mountain Inc., on May 1, 2017. The following transactions occurred during the month of May May 1 Stockholders invested $18,675 cash in the business in exchange for common stock. 2 Paid $747 for office rent for the month 3 Purchased $622 of supplies on account. 5 Paid $187 to advertise in the County News 9 Received $1,743 cash for services performed 12 Paid $249 cash dividend 15 Performed $5,229 of services on account. 17 Paid $3,112 for employee salaries 20 Paid for the supplies purchased on account on May 3 23 Received a cash payment of $1,494 for services performed on account on May 15 26 Borrowed $6,225 from the bank on a note payable 29 Purchased office equipment for $2,490 paying $249 in cash and the balance on account. 30 Paid $224 for utilities Prepare a classified balance sheet at May 31, 2017. (List current assets in order of liquidity) TEAL MOUNTAIN INC. Balance Sheet For the Month Ended May 31, 2017 Assets Liabilities and Stockholders' Equity