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 $43,500 cash in the company. 1 The company rented a furnished office and paid $2,400 cash for Mays rent. 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $800 cash for this months cleaning services. 8 The company provided consulting services for a client and immediately collected $5,200 cash. 12 The company provided $2,500 of consulting services for a client on credit. 15 The company paid $780 cash for an assistants salary for the first half of this month. 20 The company received $2,500 cash payment for the services provided on May 12. 22 The company provided $3,900 of consulting services on credit. 25 The company received $3,900 cash payment for the services provided on May 22. 26 The company paid $1,890 cash for the office equipment purchased on May 3. 27 The company purchased $90 of office equipment on credit. 28 The company paid $780 cash for an assistants salary for the second half of this month. 30 The company paid $350 cash for this months telephone bill. 30 The company paid $270 cash for this months utilities. 31 G. Gram withdrew $1,500 cash from the company for personal use. 2-a. Prepare income statement for May. 2-b. Prepare statement of owner's equity for May. 2-c. Prepare Balance Sheet for May 31. 3. Prepare statement of cash flows for May.