2-b. Prepare the statement of owner's equity for May. 2-c. Prepare the balance sheet for May 31 . 3. Prepare the statement of cash flows for May. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31 . Required information [The following information applies to the questions displayed below] Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gran Invested $42,580 cash in the company. May 1 The company rented a furnished office and paid $2,500 cash for May's rent. May 3. The company purchased $1,390 of equipment on credit. May 5 The company paid $730 cash for this month's cleaning services. May 8 the company provided consulting services for a client and immediately collected $5,400 cash. May 12 the company provided $2,900 of consulting services for a client on credit. May. 15 The company paid $74e cash for an assistant's salary for the first half of this month. May 20 The company received $2,90e cash payment for the services provided on May 12. May 22 The company provided $3,400 of consulting services on credit. May 25 The company received $3,400 cash paynent for the services provided on May 22. May 26 The company paid $1,890 cash for the equipnent purchased on May 3. May 27 The company purchased $85 of equiphent on credit. May 28 The company paid $740 cash for an assistant's salary for the second half of this month. May 38 The company paid $400 cash for this month's telephone bill. May 30 The conpany paid $280 cash for this month's utilities. Nay 316. Gram withdrew $1,680 cash fron the company for personal use