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 $41,500 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 $800 cash for this month's cleaning services. May & The company provided consulting services for a client and immediately collected $5,100 cash. May 12 The company provided $2,800 of consulting services for a client on credit. May 15 The company paid $720 cash for an assistant's salary for the first half of this month. May 20 The company received $2,800 cash payment for the services provided on May 12. May 22 The company provided $3,000 of consulting services on credit. May 25 The company received $3,000 cash payment for the services provided on May 22. May 26 The company paid $1,910 canh for the equipment purchased on May 3. May 27 The company purchased $90 of equipment on credit. May 28 The company paid $720 cash for an aoistant'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 $280 cash for this month's utilities. May 31 The company paid $1,800 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 1 Required information Required 2A Required 2B Required 20 Required 3 Prepare the income statement for May. THE GRAM COMPANY Income Statement For Month Ended May 31 Revenues: Expenses Total expenses Required information Required 2A Required 2B Required 2c Required 3 Prepare the statement of retained earnings for May. THE GRAM COMPANY Statement of Retained Earnings For Month Ended May 31 Retained earnings, May 1 $ 0 Retained earnings, May 31