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	G. Gram invested $45,000 cash in the company in exchange for its common stock.
May 1	The company rented a furnished office and paid $2,300 cash for Mays rent.
May 3	The company purchased $1,880 of equipment on credit.
May 5	The company paid $760 cash for this months cleaning services.
May 8	The company provided consulting services for a client and immediately collected $6,000 cash.
May 12	The company provided $3,000 of consulting services for a client on credit.
May 15	The company paid $790 cash for an assistants salary for the first half of this month.
May 20	The company received $3,000 cash payment for the services provided on May 12.
May 22	The company provided $3,700 of consulting services on credit.
May 25	The company received $3,700 cash payment for the services provided on May 22.
May 26	The company paid $1,880 cash for the equipment purchased on May 3.
May 27	The company purchased $85 of equipment on credit.
May 28	The company paid $790 cash for an assistants salary for the second half of this month.
May 30	The company paid $350 cash for this months telephone bill.
May 30	The company paid $280 cash for this months utilities.
May 31	The company paid $1,600 cash in dividends to the owner (sole shareholder).

2-a.Prepare the income statement for May.

2-b.Prepare the statement of retained earnings for May.

2-c.Prepare the balance sheet for May 31.

3.Prepare the statement of cash flows for May.

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Prenare the income statement for Mav. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for May. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31 . Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Mav. Prenare the income statement for Mav. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for May. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31 . Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Mav