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 canh in the company in oxchange for its common stock. May 1 The company rented a furnished ofilce-and paid $2,200 cash for May's rent. May 3 The company purchased $1,890 of equipment on credit. May 5 The company pald $750 cash for thit month's cleaning services. May 8 The company provided consulting services for a olient and immediately collected $5,400 cash, May 12 The company provided $2,500 of consulting services for a elient on eredit. May 15 The company pald $750 cash for an asaistant's salary for the first half of this month. May 20 The company received $2,500 cash payment for the servicea provided on May 12 . May 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the eervices 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 credit. May 28 The company paid $750 cash for an assistant's salary for the second halt of this month. May 30 The company paid $300 cash for this month's telephone bi11. May 30 The company paid $2 bo cash for this month's utilities. May, 31 The company paid $1,400 cash in dividende to the owner (eole ahareholder). (1) Required information