summarize the May transactions for Linda Repair
1. Stockholders invested $8,400 cash in exchange for common stock.
2. Purchased equipment for $4,200 cash.
3. Paid $336 cash for May office rent.
4. Paid $252 cash for supplies.
5. Incurred $210 advertising costs in the Beacon News on account.
6. Performed repair services for customers for $3,948 cash.
7. Paid a $588 cash dividend.
8. Paid part-time employee salaries of $840.
9. Paid utility bills of $118.
10. Performed repair services worth $924 on account.
11. Collected $100 cash for services billed in transaction
From analysis of the retained earnings columns, compute the net income or net loss of may
