5 Required information The following information applies to the questions displayed below Gabi Gram started The Gram Co, a new business that began operations on May 1. The Gram Co.completed the following transactions during its first month of operations. Part 2 of 2 May 1 G. Gram invested $40,000 cash in the company in exchange for its common stock 1 The company rented a furnished office and paid $2,209 cash for May's rent. 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services. 8 The company provided consulting services for a client and innediately collected $5,400 cash. 12 The company provided $2,508 of consulting services for a client on credit. 15 The company paid $750 cash for an assistant's salary for the first half of this month 20 The company received $2,500 cash payment for the services provided on May 12 22 The company provided $3,200 of consulting services on credit 25 The company received $3,200 cash payment for the services provided on May 22 26 The company paid $1,890 cash for the office equipment purchased on May 3 27 The company purchased $80 of advertising in this month's (May) local paper on credit; cash payment is due June 1 28 The company paid $750 cash for an assistant's salary for the second half of this month 30 The company paid 5300 cash for this sonth's telephone bill. 30 The company paid $280 cash for this sonth's utilities 31 The company paid $1,400 cash in dividends to the omer (sole shareholder). 2.1 Prepare income statement for May THE GRAM CO. Income Statement Totel expenses