! 2 Required information (The following information applies to the questions displayed below. Sanyu Sony started a new business and completed these transactions during December, Part 2 of 2 Dec. X 00:44:30 1 Sanyu Sony transferred $65,000 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 rented office space and paid $1,700 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,520 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,500. 18 The company purchased $490 of office supplies on credit. 20 The company paid $2,520 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 $6,500 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $580 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). 2.1. Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Electrical fees earned Expenses Rent expense