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.

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 1 G. Gram invested $43, 500 cash in the conpany in exchange for its conmon stock The company rented a furnished office and paid $2,400 cash for Mays 3 The company purchased $1,940 of office cquipment on credit S The company paid $780 cash for this month's cleaning services 8 The company provided consulting services for a client and inmediately 12 The company provided $2,400 of consulting services for a client on 15 The company paid 790 cash for an assintant's salary for the first half 20 The company received $2,400 cash payment for the services provided on collected $5, 300 cash credit of this month 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 $1,940 cash for the office equipnent purchased on Hay 27 The company purchased $80 of office equipment on credit 28 The company paid 790 cash for an assintant'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 $250 cash for this month's utilities 31 The company paid $1,600 cash in dividends to the owner (soloe shareholder) 2.1. Prepare the income statement for May. 2.2. Prepare the statement of retained earnings for May. 2.3. Prepare the balance sheet as of May 31 3. Prepare the statement of cash flows for the month of May. Complete this question by entering your answers in the tabs below Income State Prepare the income statement for May Balance State Sheetof Cash GRAM Income Statement For Month Ended May 31 Total expenses Income Statement Statement of Retained Earnings>