Required information [The following information applies to the questions displayed below.] Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $200 in advance. May 5 Olivia provides maintenance services to Eli's insurance offices on account, $375. May 7 Eli borrows $400 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $150. May 19 Eli pays $375 to Olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $125. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $400 to Olivia for money borrowed on May 7. 2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.) ELI'S INSURANCE SERVICES OLIVIA'S MAINTENANCE SERVICES Assets Liabilities + Stockholders' Equity Assets Liabilities + Stockholders' Equity May 2 $ 200 $ 200 $ 0 0 $ 0 $ 200 $ (200) 5 7 14 19 25 28 31