The Monty Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Monty Corp. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,550 126 Supplies 2,714 130 Prepaid Insurance 3,120 140 Land 15,600 141 Buildings 78,000 149 Equipment 18,000 200 Notes Payable $52,000 201 Accounts Payable 14,544 208 Unearned Rent Revenue 4,290 311 Common Stock 45,500 429 Rent Revenue 11,890 101 Cash $4,550 126 Supplies 2,714 130 Prepaid Insurance 3,120 140 Land 15,600 141 Buildings 78,000 149 Equipment 18,000 200 Notes Payable $ 52,000 201 Accounts Payable 14,544 208 Unearned Rent Revenue 4,290 311 Common Stock 45,500 429 Rent Revenue 11,890 610 Advertising Expense 780 726 Salaries and Wages Expense 4,290 732 Utilities Expense 1,170 $128,224 $128,224 732 Utilities Expense 1,170 $128,224 $128,224 ddition to those accounts listed on the trial balance, the chart of accounts for Monty Corp. also contains the following accounts account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 ries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest ense, and No. 722 Insurance Expense. er data: Prepaid insurance is a 1-year policy starting May 1, 2022. A count of supplies shows $975 of unused supplies on May 31. Annual depreciation is $3,900 on the buildings and $1,800 on equipment. 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.) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $885 are unpaid and unrecorded at May 31. Prepare an income statement for the month of May 31. Monty Corp. Income Statement $ $ $