$[$The following information applies to the questions displayed below.$]$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 $$42,000$ cash in the company.May $1$ The company rented a furnished office and paid $$2,100$ cash for May's rent.May $3$ The company purchased $$1,930$ of equipment on credit.May $5$ The company paid $$720$ cash for this month's cleaning services.May $8$The company provided consulting services for a client and immediately collected $$5,700$ cash.May $12$ The company provided $$3,000$ of consulting services for a client on credit.May $15$The company paid $$750$ cash for an assistant's salary for the first half of this month.May $20$TheMay $22$Thecompany received $$3,000$ cash payment for the services provided on May $12.$ 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 $$1,930$ cash for the equipment purchased on May $3.$May $27$The company purchased $$85$ of equipment on credit.May$28$May$30$The company paid $$750$ cash for an assistant's salary for the second half of this month.The company paid $$350$ cash for this month's telephone bill.May $30$The company paid $$300$ cash for this month's utilities.May $31$ Gabi Gram withdrew $$1,500$ cash from the company for personal use$\mathrm{.}2-$a$.$ Prepare the income statement for May.Prepare the statement of owner's equity for May.