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Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $ 6 7 , 2 0 0 cash

Sanyu Sony started a new business and completed these transactions during December.
December 1 Sanyu Sony transferred $67,200 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock.
December 2 The company paid $1,200 cash for the December rent.
December 3 The company purchased $13,200 of electrical equipment by paying $5,000 cash and agreeing to pay the $8,200 balance in 30 days.
December 5 The company purchased supplies by paying $900 cash.
December 6 The company completed electrical work and immediately collected $1,600 cash for these services.
December 8 The company purchased $2,740 of office equipment on credit.
December 15 The company completed electrical work on credit in the amount of $5,100.
December 18 The company purchased $410 of supplies on credit.
December 20 The company paid $2,740 cash for the office equipment purchased on December 8.
December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days.
December 28 The company received $5,100 cash for the work completed on December 15.
December 29 The company paid the assistants salary of $1,500 cash for this month.
December 30 The company paid $600 cash for this months utility bill.
December 31 The company paid $960 cash in dividends to the owner (sole shareholder).
2-a. Prepare the income statement for the current month.
2-b. Prepare the statement of retained earnings for the current month.
2-c. Prepare the balance sheet as of the end of the month.
3. Prepare the statement of cash flows for the current month.

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