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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

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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 Gabi Gram invested $41,000 cash in the company.
May 1 The company rented a furnished office and paid $2,400 cash for May's rent.
May 3 The company purchased $1,920 of equipment on credit.
May 5 The company paid $770 cash for this month's cleaning services.
May 8 The company provided consulting services for a client and immediately collected $5,800 cash.
May 12 The company provided $2,800 of consulting services for a client on credit.
May 15 The company paid $790 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 $3,500 of consulting services on credit.
May 25 The company received $3,500 cash payment for the services provided on May 22.
May 26 The company paid $1,920 cash for the equipment purchased on May 3.
May 27 The company purchased $85 of equipment on credit.
May 28 The company paid $790 cash for an assistant's salary for the second half of this month.
May 30 The company paid $300 cash for this month's telephone bill.
May 30 The company paid $300 cash for this month's utilities.
May 31 Gabi Gram withdrew $1,800 cash from the company for personal use.
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.
Complete this question by entering your answers in the tabs below.
Required 2A
Required 2 B
Required 2C
Prepare the statement of cash flows for May.
Note: Cash outflows should be indicated with a minus sign.
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