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On May 1, Marigold 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, 2022, and the revenues and expenses for the month of May. Marigold Corp. Income Statement For the Month Ended May 31, 2022 Revenues Service Revenue $7,100 Expenses Rent Expense $ 1,100 Maintenance and Repairs Expense Gasoline Expense Utilities Expense Advertising Expense Total Expenses Net Income / (Loss) Prepare a retained earnings statement for the month of May. (List items that increase retained earnings first.) Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues Investments On May 1, Marigold 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, 2022, and the revenues and expenses for the month of May. Marigold Corp. Income Statement For the Month Ended May 31, 2022 Revenues Service Revenue $7,100 Expenses Rent Expense $ 1,100 Maintenance and Repairs Expense Gasoline Expense Utilities Expense Advertising Expense Total Expenses Net Income / (Loss) Prepare a retained earnings statement for the month of May. (List items that increase retained earnings first.) Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues Investments