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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 Gabi Gram invested $40,500 cash in the company. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,920 of equipnent on credit. May 5 The company paid $760 cash for this month's cleaning services. May 8 The company provided consulting services for a client and inmediately collected $5,600 cash. May 12 The company provided $2,460 of consulting services for a client on credit. May 15 The company paid $730 cash for an assistant's salary for the first half of this month. May 28 The company received $2,400 cash paysent for the services provided on May 12. May 22 The company provided $3,500 of consulting services on credit. May 25 The company received $3,500 cash paynent 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 $80 of equipment on credit. May 28 The company paid $730 cash for an assistant's satary for the second half of this month. May 30 The company paid $306 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 Gabi Gram withdrew $1,900 cash from the company for personal use. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense. Note: Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense. Prepare the income statement for May. Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for May. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for May 31 . Prepare the statement of cash flows for May. Note: Cash outflows should be indicated with a minus sion. 2-a. Prepare the income statement for May. 2-b. Prepare the statement of owner's equity 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. Prepare the statement of cash flows for May. Note: Cash outflows should be indicated with a minus sign