I attempted to do them but my answers were incorrect

Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below.] Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $44,500 cash in the company. 1 The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $4,000 of office equipment on credit. 5 The company paid $790 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,400 cash. 12 The company provided $2,500 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. 20 The company received $2,500 cash payment for the services provided on May 12. 22 The company provided $3,100 of consulting services on credit. 25 The company received $3,100 cash payment for the services provided on May 22. 26 The company paid $4,000 cash for the office equipment purchased on May 3. 27 The company purchased $80 of advertising in this month's (May) local paper on credit; cash payment is due June 1. 28 The company paid $720 cash for an assistant's salary for the second half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $270 cash for this month's utilities. 31 G. Gram withdrew $1,900 cash from the company for personal use. 2.1. Prepare income statement for May. THE GRAM CO. Income Statement For Month Ended May 31 $ 5,400 Revenues: Consulting services revenue Consulting services revenue Consulting services revenue Expenses 2,500 3,100 Rent expense $ 2,200 Cleaning expense 790 Salaries expense 720 80 720 Advertising expense Salaries expense Telephone expense Utilities expense 400 270 Total expenses 5,180 Net income $ 5,820 2.2. Prepare statement of owner's equity for May. THE GRAM CO. Statement of Owner's Equity For Month Ended May 31 G. Gram, Capital, May 1 $ Add: Investment by Owner 0 44,500 Add: Net income 5,820 50,320 Less: Withdrawals by Owner G. Gram, Capital, May 31 1,900 48,420 $ 2.3. Prepare Balance Sheet for May 31. THE GRAM CO. Balance Sheet May 31 Assets Liabilities Office equipment $ $ 0 Cash 48,420 4,000 G. Gram, Capital 44,500 G. Gram, Capital Equity Accounts payable 80 Total assets $ 48,500 Total liabilities and equity $ 48,500 3. Prepare statement of cash flows for May. (Cash outflows should be indicated with a minus THE GRAM CO. 11,000 Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Consulting services revenue $ Rent expense Cash paid for cleaning Cash paid to employees Other expenses Cash paid for telephone Cash paid for utilities (2,200) (790) (1,440) (80) (400) (270) $ 5,820 Cash flows from investing activities Investment by owner 44,500 44,500 Cash flows from financing activities Purchase of equipment 0 $ 50,320 0 Cash balance, May 1 Cash balance, May 31 $ 50,320