cash rows P2 Cash used by investing activities........ Net increase in cash... Cash used by financing activities.......... $12.000) 1,200 (2.800) Cash from operating activities. Cash, December 31, 2018 $6,000 2,300 Check Cash balance, Dec. 31, 2019, $3,500 Required Prepare the 2019 year-end statement of cash flows for Kia Company. Problem 1-7A Analyzing transactions and preparing financial statements P1 P2 Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. com- pleted the following transactions during its first month of operations. 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 $2,200 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 immediately collected $5,400 cash. 12 The company provided $2,500 of consulting services for a client pn 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 office equipment on credit. 28 The company paid $750 cash for an assistant's salary for the second half of this month. 30 The company paid $300 cash for this month's telephone bill. 30 The company paid $280 cash for this month's utilities. The company paid $1,400 cash in dividends to the owner (sole shareholder). 31 1. Create the following table similar to the one in Exhibit 1.9. Cash, $42.780. Expenses, $5,030 Assets Liabilities + Equity Date Cash Dividends + Revenues Expenses Accounts Receivable Office Equipment Accounts Payable Common Stock Enter the effects of each transaction on the accounts of the accounting equation by recording dollar increases and decreases in the appropriate columns. Do not determine new account balances after each transaction. Determine the final total for each account and verify that the equation is in balance. 2. Prepare the income statement and the statement of retained earnings for the month of May, and the (2) Net income $6.070, Total balance sheet as of May 31. as $44,750 3. Prepare the statement of cash flows for the month of May. Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its Problem 1-8A first year of operations Analyzing effects of a. Lita Lopez invested $70,000 cash and office equipment valued at $10,000 in the company in exchange transactions for its common stock. A1 P1 b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit