Questions 7. & 8.) Special Delivery was started on May 1 with an investment of $45,000 cash. Following are the assets and liabilities of the company on May 31, 2021, and the revenues and expenses for the month of May, its first month of operations. Accounts receivable $ 6,200 Notes payable $30,600. Service revenue 10,400 Salaries and wages expense 2,000 Advertising expense 800 Equipment 56,000 Accounts payable 2,400 Maintenance expense 2,900 Cash 15,800 Insurance expense 400 Total Retained Earnings on May 31st are: 1. $10,400 2. $8,100 3. $5,000 4. $4,300 O 1 N 3 0 4