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 $$41,000$ cash in the company in exchange for its common stock. May $1$ The company rented a furnished office and paid $$2,500$ cash for May$$s rent. May $3$ The company purchased $$1,850$ of equipment on credit. May $5$ The company paid $$790$ cash for this month$$s cleaning services. May $8$ The company provided consulting services for a client and immediately collected $$5,800$ cash. May $12$ The company provided $$2,500$ of consulting services for a client on credit. May $15$ The company paid $$730$ cash for an assistant$$s salary for the first half of this month. May $20$ The company received $$2,500$ cash payment for the services provided on May $12.$ May $22$ The company provided $$3,700$ of consulting services on credit. May $25$ The company received $$3,700$ cash payment for the services provided on May $22.$ May $26$ The company paid $$1,850$ cash for the equipment purchased on May $3.$ May $27$ The company purchased $$85$ of equipment on credit. May $28$ The company paid $$730$ cash for an assistant$$s salary for the second half of this month. May $30$ The company paid $$350$ cash for this month$$s telephone bill. May $30$ The company paid $$290$ cash for this month$$s utilities. May $31$ The company paid $$1,700$ 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.