Required information [The following information applles to the questions displayed below.] Gabl Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactlons during its first month of operations. May 1 Gabi Gran invested $41,500 cash in the conpany. May 1 The company rented a furnished office and paid $2,280 cash for May's rent. May 3 The company purchased $1,890 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May \& The company provided consulting services for a client and imediately collected $5,600 cash. May 12 The company provided $2,500 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 recelved $2,500 cash payment for the services provided on May 12 . May 22 The company provided $3,100 of consulting services on credit. May 25 The company received $3,109 cash payment for the services provided on May 22 . May 26 The company paid $1,899 cash for the equipnent purchased on May 3 . May 27 The company purchased $80 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 $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 Gabi Gran withdrew $1,700 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. Prepare the income statement for May. Prepare the statement of owner's equity for May. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31 . Prepare the statement of cash flows for May. Note: Cash outflows should be indicated with a minus sign