The Splish Brothers 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 Re Utilities $800, and Advertising $500. Assets Liabilities Stockholders' Equity Com. Retained Earningsi Prepd Cash+ Supplies+ Insur.+Land+Bidgs. 2,600+1,800+15,013+ 67,600- Acc. Depr. Bidgs Acc. Depr. Equip. Unean. + Rent. Rev. +Pay Accts Pay.+Int. Pay+ Sal/Wages Pay Mortg +Equip. +Stock+ Rev.- Exp. Div 0-4,713 3,300+33,600+ 60,013 + 9,000-4,3000f 0+ Bal. 2,513+ 0+16,800- 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 ne Asset, Liability or Equity item that was reduced.) 1. Insurance expires at the rate of $450 per month, 2. A count of supplies shows $1,070 of unused supplies on May 31 3. (a) Annual depreciation is $2,760 on the building (b) Annual depreciation is $2,160 on equipment 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1-) s. Rental services related to unearmed rent of $2,620 have been provided. 6. Salaries of $720 are accrued and unpaid at May 31. Ited in a tabular summary, with May 31 unadjusted balances shown below in the first row. The s9,000 in the revenue column resulted from Rent Revenue. The $4,300 in the expense column includes Salaries and Wages $3,000, Liabilities Steckholders' Equity Retained Earnings Accts Pay.+Int. Pay+ Sal./Wages Pay Mortg. Com +Stock + Rev.- Exp. Div Unearn. Rent. Rev,+Pay -4,713 0+ 0+ 3.300+33.600 + 60,013+ 9.000-4.300 0 Liabilles Stockholders Equity Retained Earnings Acc. Depr. Equip. Accts. Pay. Sal./Wages Pay Unearn. Rent. Rev. Mortg. Pay Com. Stock Equip. Int. Pay Rev. Exp Div 33,600 9,000 4,300 16,800 4,713 C 3,300 60,013 VIDEO SIMILAR EXERCESE VIDEO SIMILAR EXERCESE Prepare a retained earnings statement for the month of May. Splish Brothers Hotel Retained Earnings Statement LALCUBATOR MESSAGE MY INSTRUCTOR FUL 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 .) Splish Brothers Hotel Balance Sheet Assets Liabilities and Stockholders' Equity