Current Attempt in Progress On May 1, Blue Spruce Corp., a company that provides flying lessons, was started by using common stock in e $45,150. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and exper May. Cash $4,800 Notes Payable $28,000 Accounts Receivable 7,550 Rent Expense 1,100 Equipment 64,150 Maintenance and Repairs Expense 550 Service Revenue 6,950 Gasoline Expense 2,300 Advertising Expense 650 Utilities Expense 200 Accounts Payable 1,550 No additional investments were made in May, but the company paid dividends of $350 during the month. Prepare an income statement for the month of May. Blue Spruce Corp. Income Statement Prepare an income statement for the month of May. Blue Spruce Corp. Income Statement Question 5 of 6 < > SA +A Prepare a retained earnings statement for the month of May. (List items that increase retained earnings first.) Blue Spruce Corp. Retained Earnings Statement +4 I Question 5 of 6 < > Prepare a balance sheet at May 31. (List Assets in order of liquidity.) Blue Spruce Corp. Balance Sheet Assets Liabilities and Stockholders' Equity Question 5 of 6 < > Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services we performed and billed but not collected at May 31, and (2) $1,150 of gasoline expense was incurred but not paid. Blue Spruce Corp. Income Statement LA -/1 Question 5 of 6 -/1 E Prepare a retained earnings statement for May assuming the following data are not included above: (1) $900 worth of services were performed and billed but not collected at May 31, and (2) $1,150 of gasoline expense was incurred but not paid. (List items that increase retained earnings first.) Blue Spruce Corp. Retained Earnings Statement eTextbook and Media List of Accounts $