CALCULATOR PRINTER VERSION HACK NEXT Problem 1-03A al-a3, b1 b2 (Video) On May 1, Whispering Winds Corp, a company that provides flying lessons, was started by using common stock in exchange for cash of $45,300. Following are the assets and liabilities of the company on May 31, 2020, and the revenues and expenses for the month of May. Cash $ 4,950 Notes Payable $29,000 Accounts Receivable 7,700 Rent Expense 1,050 Equipment 64,300 Maintenance and Repairs Expense 500 Service Revenue 7,100 Gasoline Expense 2,350 Advertising Expense 800 Utilities Expense 250 Accounts Payable 1,700 No additional investments were made in May, but the company paid dividends of $200 during the month Prepare an income statement for the month of May. Whispering Winds Corp. Income Statement For the Year Ended May 31, 2020 Revenues Service Revenue Expenses Whispering Winds Corp. Income Statement For the Year Ended May 31, 2020 Revenues Service Revenue Expenses Prepare a retained earnings statement for the month of May. (List ite Whispering Winds Corp. Retained Earnings Statement $