Problem 1-4A Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2017. The following transactions occurred during the month of May: May 1 Trixie invested $6,700 cash in the business. 2 Paid $800 for office rent for the month. 3 Purchased $700 of supplies on account. 5 Paid $150 to advertise in the County News. 9 Received $4,000 cash for services performed. 12 Withdrew $1,100 cash for personal use. 15 Performed $5,500 of services on account. 17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $4,300 for services performed on account on May 15 26 Borrowed $4,900 from the bank on a note payable. 29 Purchased equipment for $4,100 on account. 30 Paid $350 for utilities. Prepare an income statement for the month of May MATRIX CONSULTING Income Statement MATRIX CONSULTING Balance Sheet Assets Liabilities and Owner's Equity