Required information [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 $45,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,500 cash for May's rent. 3. The company purchased $1,940 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,500 cash. 12 The company provided $2,900 of consulting services for a client on credit. 15 The company paid $730 cash for an assistant's salary for the first half of this month. 20 The company received $2,980 cash payment for the services provided on May 12. 22 The company provided $3,700 of consulting services on credit. 25 The company received $3,700 cash payment for the services provided on May 22 26 The company paid $1,940 cash for the office equipment purchased on May 3. 27 The company purchased $80 of office equipment on credit. 28 The company paid $730 cash for an assistant's salary for the second half of this month. 30 The company paid $350 cash for this month's telephone bili. 30 The company paid $280 cash for this month's utilities 31 The company paid $1,600 cash in dividends to the owner (sole shareholder). 2 NS of 2 NO Ne Required information Required 2A Required 2B Required 2C Required 3 Prepare Balance Sheet for May 31. THE GRAM CO. Balance Sheet May 31 Assets Liabilities Equity Total equity Total liabilities and equity Total assets C mation Required 2A Required 2B Required 2c Required 3 Prepare statement of cash flows for May. (Cash outflows should be indicated with a minus sic THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Cseh flare from invnctinn artistine 3 Draw of 2 Required information Cash flows from investing activities 2 Cash flows from financing activities es 0 Cash balance, May 1 Cash balance, May 31