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 2 Gabi Gras Invested $43,000 cash in the company. Hay 1 The company rented a Furnished office and paid $2,500 cash for May's rent. May 3 the company purchased $1,50 of equipment on credit. Hay 5 The company paid $800 cash for this month's cleaning services, Hay The company provided consulting services for a client and immediately collected $5,800 cash. may 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $720 cash for an assistant's salary for the first half of this month. May 29 The company received 53,000 cash payment for the services provided on May 12. 22 The company provided $3,200 of consulting services on credit. y 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,800 cash for the equipment purchased on May 3. May 27 The company purchased sin of equipment on credit. Hay 23 The company paid $720 Cash for an assistant's salary for the second half of this month. ay 10 The company paid $ cash for this month's telephone bill. Pay the company paid $200 cash for this month's utilities. May 21 Cat as strew $1,20 cash from the company for personal use. 2-a. Prepare the Income staternent 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 Complete this question by entering your answers in the tabs below. Required ZA Required 20 Required 20 Required 3 Prepare the income statement for May THE GRAM COMPANY Required 2A Required 28 Required 2C Required 3 Prepare the income statement for May. THE GRAM COMPANY Income Statement For Month Ended May 31 Revenues: Expenses Total expenses Required 2B > Required 2A Required 28 Required 2C Required 3 Prepare the statement of owner's equity for May. prepa THE GRAM COMPANY Statement of Owner's Equity For Month Ended May 31 Gabi Gram, Capital, May 1 Gabi Gram, Capital, May 31 0 10 points Required 2A Required 28 Required 2c Prepare the balance sheet for May 31. Book Frin D References Total assets Assels vers in the tabs be Required 3 THE GRAM COMPANY Balance Sheet May 31, Liabilities Equity Total liabilities and equity ces Required 2A Required 28 Required 2C Required 3 Prepare the statement of cash flows for May. Noter Cash outflows should be indicated with a minus sign. THE GRAM COMPANY Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Cash flows from investing activities