kinda confused. I'm pretty sure I did the first 2 parts right. Not so sure about last two parts.

Required information Problem 1-7A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 (The following information applies to the questions displayed below.] 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: May 1 The company rented a furnished office and paid $2,100 cash for May's rent. May 3 The company purchased $1,950 of equipment on credit. May 5 The company paid $760 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,200 cash. May 12 The company provided $2,500 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 $2,500 cash payment for the services provided on May 12. May 22 The company provided $3,300 of consulting services on credit. May 25 The company received $3,300 cash payment for the services provided on May 22. May 26 The company paid $1,950 cash for the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 28 The company paid $720 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 $270 cash for this month's utilities. May 31 G. Gram withdrew $1,400 cash from the company for personal use. Required information Prepare the income statement for May. THE GRAM COMPANY Income Statement For Month Ended May 31 Revenues: Consulting services revenue $ 11,000 X $ 2,100 760 Expenses Rent expense Cleaning expense Salaries expense Telephone expense Utilities expense nel 1,440 350 270 Total expenses 4,920 6,080 $ Required 2B > 2 Problem 1-7A (Algo) Part 2 and 3 Part 2 of 2 2-o. Prepare the income statement 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. 50 points Complete this question by entering your answers in the tabs below. eBook Print Required 2A Required 2B Required 20 Required 3 References Prepare the statement of owner's equity for May. THE GRAM COMPANY Statement of Owner's Equity For Month Ended May 31 G. Gram, Capital, May 1 $ Add: Investments by owner Add: Net income 0 41,500 6,180 47,680 1,400 46,280 Less: Withdrawals by owner G. Gram, Capital, May 31 $ 2 Problem 1-7A (Algo) Part 2 and 3 Part 2 of 2 2-a. Prepare the income statement 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. 50 points Complete this question by entering your answers in the tabs below. eBook Print Required 2A Required 2B Required 2C Required 3 References Prepare the balance sheet for May 31. THE GRAM COMPANY Balance Sheet May 31 Liabilities Assets $ 85 Cash Equipment Accounts payable 2,035 Equity $ S 85 2,035 Total liabilities and equity Total assets Prepare the statement of cash flows for May. (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 paid for rent Cash paid for cleaning Cash paid to employees Cash paid for telephone Cash paid for utilities $ Cash flows from investing activities Cash flows from financing activities -S HA bert Required information Cash paid for Udines 0 Cash flows from investing activities 0 Cash flows from financing activities $ 0 0 Cash balance, May 1 Cash balance, May 31 0