Nona Curry started her own consulting firm, Marin Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $17,100 cash in the business in exchange for common stock. 2 Paid $684 for office rent for the month. 3 Purchased $570 of supplies on account. 5 Paid $171 to advertise in the County News. 9 Received $1,596 cash for services performed. 12 Paid $228 cash dividend. 15 Performed $4,788 of services on account. 17 Paid $2,850 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,368 for services performed on account on May 15. 26 Borrowed $5,700 from the bank on a note payable. 29 Purchased office equipment for $2,280 paying $228 in cash and the balance on account. 30 Paid $205 for utilities. Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. (If a transaction causes 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. See Illustration 3-4 for example.) MARIN INC. Assets Liabilities + Date Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + May 1 $ May 2 May 3 May 5 May 9 May 12 May 15 May 17 May 20 May 23 May 26 May 29 May 30 Prepare an income statement for the month of May 2022. MARIN INC. Income Statement MARIN INC. Balance Sheet Assets Liabilities and Stockholders' Equity