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The Bramble Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 200 201 208 311 429 Cash Bramble Corp. Trial Balance May 31, 2022 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Debit $ 3,640 2,168 2,496 12,480 62,400 14,880 Credit $41,600 11,632 3,432 36,400 9,992

The Bramble Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the tral balance, the chart of accounts for Bramble Corp. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings. No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2022. 2. A count of supplies shows $780 of unused supplies on May 31 3. Annual depreciation is $3,120 on the buildings and $1,488 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31. Prepare an income statement for the month of May 31

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