The following amounts appeared on the transactions worksheet of Snider Truck Rentals Corporation on May 1, 2015. Liabilities Equit Assets = Cash PrepaidSuppliesEquipment Truck Expense Accounts CommonRetained avable Share 8,000 Earnings 1,600 400 3,000 7,000 4,000 The following transactions occurred during May a. Collected $5,000 cash for tool rental during the month b. Paid $500 rent expense c. Paid $1,500 cash to satisfy an account payable d. Paid $600 for a one-year insurance policy effective May 1 (record the asset as prepaid expense) e. Purchased used truck for $5,000 on credit f. Paid the following expenses: advertising, S300; salaries, $2,500; telephone, $150; truck operating, $550 g. Transferred the amount of May's insurance (S50) to insurance expense h. Estimated $200 of supplies to have been used during May Issued additional share capital and received $1,000 cash j. Paid S300 dividend in cash. Required: Record the above transactions on a transactions worksheet and calculate the total of each column at the end of Mav