The Metlock, Inc. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Metlock, Inc. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2022. 2. A count of supplies shows $720 of unused supplies on May 31 . 3. Annual depreciation is $2,880 on the buildings and $1,392 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31 . Metlock, Inc. Balance Sheet Assets $ $ : Liabilities and Stockholders' Equity $ $ Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post Prepare an income statement for the month of May 31. Advertising Expense No. 610 \begin{tabular}{|clcl} Date & Explanation & Ref & Debit \\ \hline May 31 & Balance & & \\ \hline \end{tabular} Depreciation Expense No. 619 \begin{tabular}{clll} Date & Explanation & Ref & Debit \\ May 31 & Adjusting & J1 & \\ \hline \end{tabular} Supplies Expense No. 631 \begin{tabular}{|lllll|} \hline Date & Explanation & Ref & Debit & Credit \\ \hline May 31 & Adjusting & J1 & \\ \hline \end{tabular} Interest Expense \begin{tabular}{|clcl|} \hline Date & Explanation & Ref & Debit \\ \hline May 31 & Adjusting & J1 & \\ \hline \end{tabular} Insurance Expense \begin{tabular}{|rlcl|} Date & Explanation & Ref & Debit \\ \hline May 31 & Adjusting & J1 & \\ \hline \end{tabular} Salaries and Wages Expense Metlock, Inc. Adjusted Trial Balance Debit Credit $ $ Liabilities and Stockholders' Equity $ Prepare a retained earnings statement for the month of May 31. Totals