Tony Flash started The Flash Company, a new business that began operations on May 1. The Flash Company completed the following transactions during its first month of operations. May 1 Tony Flash invested $40,500 cash in the company in exchange for its common stock. May 3 The company purchased $1,900 of equipment on credit. May 5 The company paid $790 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,600 cash. May 22 The company provided $3,800 of consulting services on credit. May 26 The company paid $1,900 cash for the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $280 cash for this month's utilities. May 31 The company paid $1,600 cash in dividends to the owner (sole shareholder).