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Required information Problem 1-7A (Static) Analyzing transactions and preparing financial statements LO P1, P2 [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 G. Gram invested $40,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,200 cash for May 3 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. Kay 6 The company provided consulting services for a client and immediately collected \$5, 400 cash. May 12. The company provided $2,500 of consulting serviees for a client on oredit. Hay 15 The company paid $750 cash for an assistant's salary for the first half of this month. May 20 The company received $2,500 cash payment for the services provided on May 12 . Hay 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,890 cash for the equipment purchased on May 3. May 27 The company purchased $80 of equipment on eredit. May 28 The company paid $750 cash for an assistant's salary for the second half of this month. Kay 30 The company paid $300 cash for this month's telephone bil1. May 30 The eompany paid $280 cash for this month's utilities. May 30 The company paid $280 cash for this month's uthe company paid $1,400 cash in dividends to the owner (sole shareholder). Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for May. Note: Cash outfiows should be indicated with a minus sign