On 31 May 20X1 the bookkeeper of Marina Boat Storage prepared the following closing entries for the month of May.

In addition, the following post-closing trial balance was prepared.

Required:
a Prepare an income statement for the month ended 31 May 20X1.
b Prepare a statement of changes in owner's equity for the month ended 31 May 20X1.
c Prepare a 31 May 20X1 balance sheet (report form).

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(a) Storage Revenues Income Summary (b) Income Summary Depreciation Expense: Building Depreciation Expense: Equipment Supplies Expense Salaries Expense Telephone Expense Utilities Expense Insurance Expense (c) Income Summary L. Marina, Capital (d) L. Marina, Capital L. Marina, Withdrawals 4 060 2724 1336 830 4060 140 110 233 1 650 92 264 235 1336 830