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Required information [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 c. Gram invested $43,000 cash in the company in exchange for itw comeon stock. May 1 the company rented a furninbed office and paid $2,400 cash for May's rent. May 3 the conpany parehased $1,350 of equipsent on eredit. May 5 the corpany paid $770 canh for this month's eleaning servicea. May \& the company provided consulting servicen for a elient and impediately collected $5,900 canh. May 12 the cospany provided $2,800 of consulting services for a elient on eredit. May 15 the conpany paid $720 cath for an assistant's nalary for the first half of this month. Hay 20 the conpany received $2,800 cash payment for the servicen provided on May 12. May 22 The conpany provided $3,900 of coneulting services os eredit. May 25 The cospany recelved 53,900 cash payment for the services provided on May 22. May 26 The company paid $1,850 cash for the equipment porehased on May 3 . May 27 The company purchased 580 of equipment on eredlt. May 28 The company paid $720 cash for an assiatant's salary for the necond half of this month. May 30 The coepany paid $350 eash for this nonth's telephone bili. May 30 the company paid $250 cash for this month's btilities. May 31 the cospasy paid $1,500 caith in dividend to the owner (sole shareholder). Required: 1. Enter the-amount of each transaction on individual items of the accounting equation. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account tities if the transaction does not include an expense.) Required: 1. Enter the amount of each transaction on individual items of the accounting equation, (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account tities if the transaction does not include an expense.) 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. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for May. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31