cer 1 Homework (required) Seved Help of 2 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. May 16. Gran invested $40,000 cash in the company. 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 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 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. 31 G. Gram withdrew $1,400 cash from the company for personal use. int ences 2-a. Prepare income statement for May 2-b. Prepare statement of owner's equity for May 2-c. Prepare Balance Sheet for May 31 3. Prepare statement of cash flows for May. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C Required 3 DEAR A Amant At A TA NA Required information Part 2 of 2 Complete this question by entering your answers in the tabs below. 5 Dints Required 2A Required 2B Required 2c Required 3 Prepare income statement for May. eBook THE GRAM CO. Income Statement For Month Ended May 31 Revenues: Print Ceferences Expenses Total expenses 0 Red RA Required 28 information 2-c. Prepare Balance Sheet for May 31. 3. Prepare statement of cash flows for May. Part 2 of 2 Complete this question by entering your answers in the tabs below. 25 Doints Required 2A Required 2B Required 2C Required 3 Prepare statement of owner's equity for May. eBook Print THE GRAM CO. Statement of Owner's Equity For Month Ended May 31 G. Gram, Capital, May 1 $ 0 References 0 G. Gram, Capital, May 31 $ Required information Part 2 of 2 THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities 25 points eBook Print D $ 0 References Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 0 Cash balance, May 1 Cash balance, May 31 $ 0