Transactions made by Alittihad Co. SA, a Transportation company, for the month of May are shown below: - On May 1, issued 100,000 shares of common stock in exchange for $2 million in cash. - On May 3, borrowed from the bank $500,000 which must be repaid within 5 years - On May 4, purchased land for $19,000. A note payable is signed for the full amount. - On May 8, purchased Equipment for $8,000 cash. - On May 12, hired three employees for $2,000 per month. - On May 15, purchased a truck worth $150,000. They paid one-third of the value in cash and the other two-thirds will be paid after four months. - On May 17, received cash of $75,000 as revenue in exchange for delivery services. - On May 19, purchased office supplies for $2,000 on account. - On May 24, received $4,500 cash in advance to provide a delivery service to a customer, as the delivery will take place in the middle of July. - On May 27, paid employees $80,000 in cash as the salaries of this month. - On May 28, paid $7,000 in cash as the total of utilities expense. - On May 29 paid $12,000 in cash as the monthly rent of the property. - On May 30, received cash of $95,000 as revenue in exchange for delivery services. - On May 31, paid dividends for shareholders that equal to $60,000. You have to prepare the following: 1. The Journal. 2. The Ledger. 3. The Trial Balance. 4. The Income Statement. 5. The Statement of Financial Position