2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.) ELI'S INSURANCE SERVICES OLIVIA'S MAINTENANCE SERVICES Assets Liabilities + Stockholders' Equity Assets = Liabilities + Stockholders' Equity May 2 $ 260 260 0 $ 260 $ 0 $ 0 $ (260) 5 7 14 19 25 28 31 Required information [The following information applies to the questions displayed below.) Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. olivia decides that she will need insurance for a one-day special event at the end of the month and May 2 pays Eli $260 in advance. May 5 olivia provides maintenance services to Eli's insurance offices on account, $405. May 7 Eli borrows $460 from Olivia by signing a note. May 14 olivia purchases maintenance supplies from Spot Corporation, paying cash of $180. May 19 Eli pays $405 to olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $131. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $460 to Olivia for money borrowed on May 7