The Larkspur Hotel opened for business on May 1, 2017. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $9,000 in the revenue column resulted from Rent Revenue. The $4,300 in the expense column includes Salaries and Wages $3,000, Utilities $800, and Advertising $500. Assets Liabiliti Acc. Acc. Prepd. Depr.- Depr.- Accts. Int. Sal./Wages Cash + Supplies + Insur. + Land + Bldgs. - Bldgs. + Equip. - Equip. = Pay. + Pay + Pay. Bal. 2,433+ 2,600 + 1,800 + 14,933 + 72,400 - 0 + 16,800 - 0 = 4,633 + 0 + Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. Insurance expires at the rate of $300 per month. 2. A count of supplies shows $1,090 of unused supplies on May 31. 3. (a) Annual depreciation is $3,240 on the building. (b) Annual depreciation is $2,640 on equipment. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Rental services related to unearned rent of $2,650 have been provided. 6. Salaries of $710 are accrued and unpaid at May 31. Liabilities + Stockholders' Equity Unearn. Retained Earnings Sal./Wages Rent. Mortg. Com. - Pay. + Rev. + Pay + Stock + Rev. - Exp. - Div 0+ 3,300 + 38,400 + 59,933 + 9,000 - 4,300 - 0 Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)