Deana’s Services Company had account balances as follows:
Accounts payable ......... $ 9,900
Accounts receivable ........ 26,950
Cash ............... 11,390
Fees earned ............. 70,800
Insurance expense .......... 1,475
Land .............. 74,400
Miscellaneous expense ........ 1,510
Prepaid insurance ........... 2,000
Rent expense ............ 8,000
Salary expense .......... 35,300
Dividends ............ 15,100
Supplies .............. 950
Supplies expense ............ 825
Utilities expense .......... 3,800
Capital stock ........... 81,000
Retained earnings (beginning balance on May 1, 2010) ..... 20,000
Present, in good form,
(a) An income statement for May,
(b) A statement of retained earnings for May, and
(c) A balance sheet as of May 31.