Problem 3-3 Nona Curry started her own consulting firm, Kingbird, Inc., on May 1, 2017. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $15,600 cash in the business in exchange for common stock. Paid $624 for office rent for the month. Purchased $520 of supplies on account. Paid $156 to advertise for the month in the County News. Received $1,456 cash for services performed. Paid $208 cash dividend. Performed $4,368 of services on account. Paid $2,600 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $1,248 for services performed on account on May 15. Borrowed $5,200 from the bank on a note payable. Purchased office equipment for $2,080 paying $208 in cash and the balance on account. Paid $187 for utilities. KINGBIRD, INC. Income Statement May 31, 2017 Total Revenues Service Revenue 1456 Revenues 4368 Plepale alealleu edlys Statement of the morLIT UI May 2017. KINGBIRD, INC. Retained Earnings Statement milli KENGBIRD, INC Liabilities and Stockholders' Equity