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 $43,500 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,300 cash for May's rent. May 3 The company purchased $1,910 of equipment on credit. May 5 The company paid $740 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,800 cash. May 12 The company provided $2,600 of consulting services for a client on credit. May 15 The company paid $780 cash for an assistant's salary for the first half of this month. May 20 The company received $2,690 cash payment for the services provided on May 12 . May 22 The company provided $3,690 of consulting services on eredit. May 25 The company received $3,600 cash payment for the services provided on May 22. May 26 The company paid $1,910 cash fon the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 28 The company paid $780 cash for an assistant's salary for the second half of this month. May 30 The company paid \$3ab cash for this month's telephone bill. May 30 The company paid \$280 dash for this month's utilities. May 31 The company paid $1,500 cash in dividends to the owner (sole shareholder). Prepare the income statamant form Ma. Prepare the statement of retained earnings for May. Prepare the balance sheet for May 31 . Cola Company and Pop Company both produce and market beverages that are direct competitors. businesses for a recent year follow: Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) 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 $43,500 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,300 cash for May's rent. May 3 The company purchased $1,910 of equipment on credit. May 5 The company paid $740 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,800 cash. May 12 The company provided $2,600 of consulting services for a client on credit. May 15 The company paid $780 cash for an assistant's salary for the first half of this month. May 20 The company received $2,690 cash payment for the services provided on May 12 . May 22 The company provided $3,690 of consulting services on eredit. May 25 The company received $3,600 cash payment for the services provided on May 22. May 26 The company paid $1,910 cash fon the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 28 The company paid $780 cash for an assistant's salary for the second half of this month. May 30 The company paid \$3ab cash for this month's telephone bill. May 30 The company paid \$280 dash for this month's utilities. May 31 The company paid $1,500 cash in dividends to the owner (sole shareholder). Prepare the income statamant form Ma. Prepare the statement of retained earnings for May. Prepare the balance sheet for May 31 . Cola Company and Pop Company both produce and market beverages that are direct competitors. businesses for a recent year follow: Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.)