Gall Gram started The Gram Co., a new business that began operation on May 1. The Gram Cocompleted the transactions below during its first month of operations Complete the following 1. On this spreadsheet, enter the effects of each transaction on the accounts of the accounting equation by recording dollar increases and decreases in the appropriate columns Note: For Assets and abilities, put a hyphen) before typinga tubtraction. For the Equity side of the equation, put the or in the separate column, not next to the number) 2. On the 2nd sheet in this workbook (see "Part 2" tab belowl, prepare the income statement and statement of retained earnings for the month of May, and the balance sheet as of May 31 3. On the 3rd sheet in this workbook (see "Part 3 tab below). prepare the statement of cash flows for the month of May. Note: I have added the Excel functions or formulas where appropriate so that you can be sure that was liabilities equity Assets abilities Equity Accounts Receivable Office Equipment Accounts Payable Common Stock . Dividends Revenues Expenses Cash 1-May. Grom invested $40,000 cash in the company in exchange for its common stock 1-May The company rented a furnished office and paid 52,200 cash for May's rent 3.May. The company purchased $1.290 of office equipment on credit S-May The company paid $750 cash for this month's cleaning services 5-May The company provided consulting services for a client and immediately collected $5.400 cash 22-May The company provided $2,500 ot consulting services for a client on credit 15 May The company paid $750 cash for an assistant's salary for the First half of this month, 20-May. The company received $2.500 cash payment for the services provided on May 12 22-May The company provided $2,200 el consulting services en eredit 25-May The company received $3,200 cash payment for the services provided on May 22 26 May The company paid $1.290 cash for the office equipment purchased on credit on May 2 27-May The company purchased 50 of office equipment on credit 28 May. The compaid $750 cash for an int's salary for the second half of this month 30 May The company paid $300 cash for this month's telephone bil 30 May. The company Bald $280 cash for this month's 31-May the company paid $1,400 cash individends to the owner shareholder 5 + $ . Totalt 44.750