Can the work be explained please and thank you.

The following information applies to the questions displayed below.J Sanyu Sony started a new business and completed these transactions during December Dec. 1 Sanyu Sony transferred $69,600 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 $13,600 of electrical equipment by paying $5,400 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash 6 The company completed electrical work and immediately collected $1,800 cash for these services 8 The company purchased $2,720 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,100 . 18 The company purchased $460 of office supplies on credit 20 The company paid $2,720 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 $4,100 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 $570 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (sole shareholder) SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Cash Expenses Total expenses 0 0 SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 0 0 Retained earnings, December 31 0 2.3. Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity Total equity 0 Total liabilities and equity Total assets SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash flows from investing activities 0 Cash flows from investing activities 0 Cash flows from financing activities 0 0 0 0 Cash balance, Dec. 1 Cash balance, Dec. 31