er 1 HW Saved Help Save & Exit Submit Check my work 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. of 2 May 1 G. Gran Invested $41,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,500 cash for May's rent. 3. The company purchased $1,870 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 $5,600 cash. 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $770 cash for an assistant's salary for the first half of this month. 20 The company received $3,000 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 $1,870 cash for the office equipment purchased on May 3. 27 The company purchased $80 of office equipment on credit. 25 The company paid 5770 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 $290 cash for this month's utilities 31 The company paid $1,600 cash in dividends to the owner (sole shareholder). 2-a. Prepare income statement for May 2-b. Prepare statement of retained earnings for May 2-c. Prepare balance sheet for May 31 3. Prepare statement of cash flows for May Windows Complete this question by entering vour answers in the tabs below. THE GRAM CO. Balance Sheet May 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity Total assets $ $ 0