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 $42,5ee cash in the company in exchange for its coemon stock. 1 The company rented a furnished office and paid $2,400 cash for May's rent. 3 The company purchased $1,940 of office equipment on credit. 5 The company paid $23e cash for this month's cleaning services. 8. The company provided consulting services for a client and immediately collected $5,2ee cash. 12 The company provided $2,900 of consulting services for a client on credit. 15 The company paid $75e cash for an assistant's salary for the first half of this month. ze The company received $2,900 cash payment for the services provided on May 12. 22 The company provided $3,780 of consulting services on credit. 25 The company received $3,788 cash payment for the services provided on May 22 26 The company paid $1,948 cash for the office equipment purchased on May 3. 27 The company purchased 585 of office equipment on credit. 28 The company paid $750 cash for an assistant's salary for the second half of this month. Be The company paid $300 cash for this month's telephone 0111. Be The company paid $290 cash for this month?sliities. 31 The company paid $1,700 cash in dividends to the owner (sale shareholder) 2.1. Prepare the income statement for May 2.2. Prepare the statement of retained earnings for May 2.3. Prepare the balance sheet as of May 31 3. Prepare the statement of cash flows for the month of May Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows Prepare the balance sheet as of May 31 THE GRAM CO. Balance Sheet May 31 Assets Liabilities Cash Accounts payable Accounts receivable Office equipment Equity Common stock Retained earnings 0 Total assets Total equity Total liabilites and equity S Sent of Cash Flores For Month Ended May 31 Cash flows from operating activities $ 0 Cash flows from investing activities Cash flows from financing activities 0 S 0 0 Cash balance Mex 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 $42,5ee cash in the company in exchange for its coemon stock. 1 The company rented a furnished office and paid $2,400 cash for May's rent. 3 The company purchased $1,940 of office equipment on credit. 5 The company paid $23e cash for this month's cleaning services. 8. The company provided consulting services for a client and immediately collected $5,2ee cash. 12 The company provided $2,900 of consulting services for a client on credit. 15 The company paid $75e cash for an assistant's salary for the first half of this month. ze The company received $2,900 cash payment for the services provided on May 12. 22 The company provided $3,780 of consulting services on credit. 25 The company received $3,788 cash payment for the services provided on May 22 26 The company paid $1,948 cash for the office equipment purchased on May 3. 27 The company purchased 585 of office equipment on credit. 28 The company paid $750 cash for an assistant's salary for the second half of this month. Be The company paid $300 cash for this month's telephone 0111. Be The company paid $290 cash for this month?sliities. 31 The company paid $1,700 cash in dividends to the owner (sale shareholder) 2.1. Prepare the income statement for May 2.2. Prepare the statement of retained earnings for May 2.3. Prepare the balance sheet as of May 31 3. Prepare the statement of cash flows for the month of May Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows Prepare the balance sheet as of May 31 THE GRAM CO. Balance Sheet May 31 Assets Liabilities Cash Accounts payable Accounts receivable Office equipment Equity Common stock Retained earnings 0 Total assets Total equity Total liabilites and equity S Sent of Cash Flores For Month Ended May 31 Cash flows from operating activities $ 0 Cash flows from investing activities Cash flows from financing activities 0 S 0 0 Cash balance Mex