Required information [The following information applies to the questions displayed below.] Michael Jordan started The Jordan Company, a new business that started on May 1. The Jordan Company had th below transactions in May. May 1 M. Jordan invested $44,500 cash in the company. May 1 The Jordan Company rented a furnished office and paid $2,100 cash for May's rent. May 3 The Jordan Company purchased $1,880 of equipment on credit. May 5 The Jordan Company paid $790 cash for this month's cleaning services. May 8 The Jordan Company provided consulting services for a client and immediately collected $5,100 cash. May 12 The Jordan Company provided $2,400 of consulting services for a client on credit. May 15 The Jordan Company paid $710 cash for an assistant's salary for the first half of this month. May 20 The Jordan Company received $2,400 cash payment for the services provided May 22 The Jordan Company provided $3,900 of consulting services on credit.. May 12. May 25 The Jordan Company received $3,900 cash payment for the services provided on May 22.1 May 26 The Jordan Company paid $1,880 cash for the equipment purchased on May 3. May 27 The Jordan Company purchased $85 of equipment on credit. May 28 The Jordan Company paid $710 cash for an assistant's salary for the second half of this month.. May 30 The Jordan Company paid $350 cash for this month's telephone bill. May 30 The Jordan Company paid $280 cash for this month's utilities. May 31 M. Jordan withdrew $1,600 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. 2 Required information Prepare the statement or cash flows for May. (Cash outflows should be indicated with a mim THE JORDAN COMPANY Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Cash received from customers Cash paid for rent Cash paid to employees Cash paid for cleaning :22 Cash paid for utilities Cash paid for telephone Cash flows from investing activities Cash flows from financing activities 69 0 0 Required information Cash flows from investing activities Cash flows from financing activities 0 0 $ 0 Cash balance, May 1 Cash balance, May 31 0 $ 0 < Required 2C Required 3 >