Helga Ander started a new business and completed these transactions during December. Dec. 1 Helga Ander transferred $64,300 cash from a personal savings account to a checking account in the name of Ander Electric. 2 The company rented office space and paid $1,400 cash for the December rent. 3 The company purchased $13,300 of electrical equipment by paying $5,100 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $700 cash. 6 The company completed electrical work and immediately collected $1,400 cash for these services. 8 The company purchased $2,810 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,900. 18 The company purchased $420 of office supplies on credit. 20 The company paid $2,810 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 $5,900 cash for the work completed on December 15. 29 The company paid the assistants salary of $1,900 cash for this month. 30 The company paid $510 cash for this months utility bill. 31 H. Ander withdrew $910 cash from the company for personal use. 6.value: 5.00 pointsRequired information Required: 2. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) ReferenceseBook & Resources WorksheetLearning Objective: 01-C4 Explain generally accepted accounting principles and define and apply several accounting principles.Learning Objective: 01-P2 Identify and prepare basic financial statements and explain how they interrelate. Difficulty: HardLearning Objective: 01-P1 Analyze business transactions using the accounting equation. Check my work 7.value: 2.00 pointsRequired information 3.1 Prepare an income statement for the current month. 3.2 Prepare a statement of owner's equity for the current month. 3.3 Prepare a statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign which will be displayed within parenthesis.) 3.4 Prepare a balance sheet as of the end of the month