The following transactions took place for Tucker Corporation during May, 2021, its first month of operations. 1 Issued and sold $100,000 worth of shares. 2 Purchased office equipment for $35,000 on credit. 4 Borrowed $10,000 cash from bank by acquiring a bank loan. 6 Paid $11,000 cash for office supplies to stock the office supply storeroom. 8 Paid for a 1-year insurance policy for the business, amount paid was $16,000. 9 Billed and invoiced customers $15,000 for services rendered. 10 Collected $10,000 in cash for services performed today. 11 Purchase $5,000 of additional supplies on credit. 15 Received $5,000 in cash from customers billed on the 9th 18 Paid $5,000 for advertising that ran for the first two weeks of this month. 20 22 22 Hired a new employee with a $3,000 monthly salary. Employee will start work beginning of next month. Paid $10,000 on the purchase made on the 2nd. 23 Earned $3,000 in interest revenue. The full amount was deposited into the business bank. 25 27 27 Paid the following expenses in cash: Legal fees, $1,000; telephone $1,500; vehicle maintenance, $2,000 Wages, $10,000. Paid the landlord $8,000 in rent. This includes the rent for May and a prepayment of the rent for June. Required: 1. Open general ledger T-accounts for the following (account numbers are indicated in brackets): Cash (110), Accounts Receivable (120), Prepaid Rent (150), Prepaid insurance (170), Office Supplies (180), Office Equipment(190), Accounts Payable (215), Bank loan (220) Share Capital (325), Repair Revenue (450), Interest revenue (470), Advertising Expense (615), Rent Expense (655), Legal fees (660), Telephone Expense (665), Vehicle Maintenance Expense (670), and Wages Expense (675). 2. Prepare journal entries to record the May transactions. 3. Post the entries to the T-accounts. 4. Prepare a trial balance at the end of May, 2021 5. Prepare an income statement and statement of changes in equity for the month ended May 31, and a statement of financial position for the month in account format.