[The following information applies to the 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 $43,500 cash in the company. May 1 The company rented a furnished office and paid $2,600 cash for May's rent. May 3 The company purchased $1,920 of equipment on credit.. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,400 cash. May 12 The company provided $2,800 of consulting services for a client on credit. May 15 The company paid $800 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 $3,100 of consulting services on credit. May 25 The company received $3,100 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 $80 of equipment on credit. May 28 The company paid $800 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 $290 cash for this month's utilities. May 31 Gabi Gram withdrew $1,500 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 Part 2 of 2 Required information 15 Revenues: points eBook Print References Expenses Total expenses THE GRAM COMPANY Income Statement For Month Ended May 31 0 Required 2A Required 2B > Prepare the statement of owner's equity for May. THE GRAM COMPANY + Statement of Owner's Equity For Month Ended May 31 H ok Gabi Gram, Capital, May 1 nt ences $ 0 0 Gabi Gram, Capital, May 31 $ 0 < Required 2A Re es Assets THE GRAM COMPANY Balance Sheet May 31 Liabilities: Equity Total assets $ 0 Total liabilities and equity $ 0 < Required 2B Required 3> art 2 of 2 5 Doints eBook Printi References THE GRAM COMPANY Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities $ 0 Cash flows from investing activities Cash flows from financing activities. 0