2A - Prepare the income statement for May.

2B - Prepare the statement of retained earnings for May.

2C - Prepare the balance sheet for May 31.

3 - Prepare the statement of cash flows for May.

Required information [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 $44,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,100 cash for May's rent. 3 The company purchased $1,870 of equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,600 cash. 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $780 cash for an assistant's salary for the first half of this month. 20 The company received $3,000 cash payment for the services provided on May 12. 22 The company provided $3,900 of consulting services on credit. 25 The company received $3,900 cash payment for the services provided on May 22. 26 The company paid $1,870 cash for the equipment purchased on May 3. 27 The company purchased $75 of equipment on credit. 28 The company paid $780 cash for an assistant's salary for the second half of this month. 30 The company paid $350 cash for this month's telephone bill. 30 The company paid $270 cash for this month's utilities. 31 The company paid $1,500 cash in dividends to the owner (sole shareholder).. 2-a. Prepare the income statement for May 2-b. Prepare the statement of retained earnings for May 2-c. Prepare the balance sheet for May 31, 3. Prepare the statement of cash flows for May. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the income statement for May. THE GRAM CO. Income Statement For Month Ended May 31 Revenues: Expenses Total expenses Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the statement of retained earnings for May. THE GRAM CO. Statement of Retained Earnings For Month Ended May 31 Retained earnings, May 1 $ 0 Retained earnings, May 31 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the balance sheet for May 31. Assets Total assets THE GRAM CO. Balance Sheet May 31 Liabilities Equity Total equity Total liabilities and equity Required 28 Dennand Required information Required 2A Required 28 Required 2C Required 3 Prepare the statement of cash flows for May. (Cash outflows should be indicated with a minus sign.). THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash balance, May 1 Cash balance, May 31