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Generally Accepted Accounting Practices rrincip Problems (70 points) 51. (25 Points) On May 1, 2019, the amount of Jackson Samuel's capital in Jackson Services Company was STO1,000. During May. he withdrew $15.100 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows: Accounts payable Accounts receivable Cash $ 8,900 25,950 11,390 Fees earned 71,800 1,475 74,400 1,510 2,000 8,000 35,300 1,950 825 3,800 Insurance expense Land Miscellancous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense Present, in good form, including complete titles, (a) an income statement for May, (b) a statement of owner's equity for May, and (c) a balance sheet as of May 31. (a) Income Statement