Curtis Hamilton started a new business and completed these transactions during December.

Dec. 1	Curtis Hamilton transferred $67,000 cash from a personal savings account to a checking account in the name of Hamilton Electric.
2	The company rented office space and paid $1,200 cash for the December rent.
3	The company purchased $14,900 of electrical equipment by paying $6,700 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 $1,600 cash for these services.
8	The company purchased $2,790 of office equipment on credit.
15	The company completed electrical work on credit in the amount of $5,700.
18	The company purchased $420 of office supplies on credit.
20	The company paid $2,790 cash for the office equipment purchased on December 8.
24	The company billed a client $800 for electrical work completed; the balance is due in 30 days.
28	The company received $5,700 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 $560 cash for this month's utility bill.
31	C. Hamilton withdrew $910 cash from the company for personal use.

1.Prepare Income Statement.

2. Prepare Balance Sheet.

3. What are possible impacts on managerial decision from these financial statements?

full answer in table format income statement and balancesheet both.