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Required information 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 $40,5ee cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,488 cash for May's rent. May 3 The company purchased $1,920 pf equipment on credit. May 5 The company paid $730 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,900 cash. May 12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $788 cash for an assistant's salary for the first half of this month. May 20 The company received $2,980 cash payment for the services provided on May 12. May 22 The 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 $1,920 cash for the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 28 The company paid $780 cash for an assistant's salary for the second half of this month. May 30 The company paid $300 cash for this month's telephone bill. May 30 The company paid $300 cash for this month's utilities. May 31 The company paid $1,600 cash in dividends to the owner (sole shareholder). Required information Libilities Equity Assets Accounts Receivable Cash Account Title Expenses for Expenses Accounts Payable - Equipment - Dividends Revenues Common Stock S 40,500 . $40,500+ (2.400) - = . NA 2,400 Rent INA 1.920 1.920 . . 730 Cleaning (730) - 5,900 INA + + 5,900 - 2,900 - 2,900 - . (780) - 2.900 + Ray 1 ray May 3 Aay 5 May B May 12 Any 15 twy 20 May 22 May 25 Aay 26 Aay 27 Aay 28 Ray 30 May 30 Aay 31 (2.900) - 3,100 + (3.100) . 3.100- . . 3,100 (1.920) - INA 780 Salary INA NA INA INA NA (780) Salary 300 Telephone 300 tis NA (1.920) - B5 85 - . - (780) (300) - (300) (1.600) 1,600 +