1. Prepare the income statement for the current month.

2. Prepare the statement of retained earnings for the current month.

3 Prepare the balance sheet as of the end of the month.

4. Prepare the statement of cash slows for the current month.

Dec. 1 Sanyu Sony transferred $66,500 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 The company paid $1,200 cash for the December rent. 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. 5 The company purchased supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,820 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,800. 18 The company purchased $430 of supplies on credit. 20 The company paid $2,820 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $4,800 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,600 cash for this month. 30 The company paid $530 cash for this month's utility bill. 31 The company paid $940 cash in dividends to the owner (sole shareholder)