WHITE CONSULTING INC. Income Statement $ $ Karen White started her own consulting firm, White Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Stockholders invested $ 15,600 cash in the business in exchange for common stock. Paid $ 624 for office rent for the month. Purchased $ 520 of supplies on account Paid S 156 to advertise for the month in the County News. Performed services for customer for $ 1.456 cash. Paid $ 208 cash dividend Performed $4,368 of services on account Paid $ 2,600 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $ 1.248 for services performed on account on May 15. Borrowed $ 5.200 from the bank on a note payable. Purchased office equipment for $ 2,080 paying $ 208 in cash and the balance on account. Paid $ 192 for utilities 17 20 23 26 29 30