Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 Gabi Gram invested $44,000 cash in the conpany. Nay 1 . The company rented a furnished office and paid $2,400 cash for May's rent. May 3 The coapany purchased $1,880 of equipsent on credit. May 5 the company paid $720 cash for this month's cleaning services. May \& The company provided consulting services for a client and inmediately collected 55 , 70o cash. May 12 . The conpany provided $2,500 of consulting services for a client on credit. May 15 The company paid $750 cash for an assistant's salary for the first half of this month. May 20 The company received $2,500 cash paywent for the services provided on May 12. Kay 22 . The conpany provided $3,000 of consulting services on credit. May 25. The company received $3,000 cash paywent for the services provided on May 22. May 26 the coepany paid $1,880 cash for the equipment purchased on May 3 . May 27 The company purchased $85 of equipment on credit. May 28 The conpany paid $750 cash for an assistant's salary for the second half of thas month. May 36 the company paid $400 cash for this month's telephone bill. May 30 The conpany paid $290 cash for this eonth's utilities. May 31 Gabi Gram nithdren 31,400 cash from the conpany for personal use. THE GRAM COMPANY Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities