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 $44,000 cash in the company.
May 1	The company rented a furnished office and paid $2,100 cash for Mays rent.
May 3	The company purchased $1,900 of equipment on credit.
May 5	The company paid $740 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 $2,700 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 $2,700 cash payment for the services provided on May 12.
May 22	The company provided $3,100 of consulting services on credit.
May 25	The company received $3,100 cash payment for the services provided on May 22.
May 26	The company paid $1,900 cash for the equipment purchased on May 3.
May 27	The company purchased $75 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	G. Gram withdrew $1,700 cash from the company for personal use.

2-a. Prepare the income statement for May. 2-b. Prepare the statement of owner's equity for May. 2-c. Prepare the balance sheet for May 31. 3. Prepare the statement of cash flows for May.