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Required information [The following information applies to the questions displayed below.) Sanyu Sony started a new business and completed these transactions during December Dee. 1 Sanyu Sony transferred $68,200 cash from a personal savings account to a checking account in the name of Sony Electrie in exchange for its common stock. 2 The company rented office space and paid $1,200 cash for the December rent. 3 The company purchased $13,800 of electrical equipment by paying $5,600 cash and agreeing to pay the $3,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,500 canh for these services. 8 The company purchased $2,740 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4.100. 18 The company purchased $470 of office supplies on credit. 20 The company paid $2,740 cash for the office equipment purchased on December 8. 24 The company billed client $1,000 for electrical work completed the balance in due in 30 days. 28 The company received $4,100 cash for the work completed on December 15. 29 The company paid the assistant salary of $1,500 cash for this month. 30 me company paid $540 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (Bole shareholder). Required: Required information Assets Office Supplies Accounts Receivable Date Liabilities Accounts Payable Cash Omice Equipment Electrical Equipment Equity Dividends Revenues Common Stock Expenses . . . Dec 1 21 11 . D. D. -10 0 + +0 O 0. 0 10 0 . 3 . - + . B 01 - . 0 - 0+ 0 ol. 0- 0 + - 0 0 + + + + 51 . Ba 0 O . 0 - O 0 0 0 O ol .. 6 . HH 12 - . . . 10 + 0 0 D . 0 O + 0 8 . . + BM D. 0. bl. O . 10 Ol. -0 0 D 15 . . . . o. BA D- + . 10 0 0 - -10 D- O- 0 10 . . Bar . 10 a 10 0 10 +10 -O 0+ -0 @ 20 . + + B +10 0 +10 0 - 0 +0 0 -10 O- .0 0 - O 24 . . . E 01 - . 10 +10 0 + D 10 0 0. -10 0 20 . . . B 0 - .0 0 0 ol 10 -10 10 D- 29 - + BM +10 D . O 0 ol 0 - +10 + 0 0 DE - + BM . 0 . ol 0. 10 .10 0 01 - -10 O 31 . . . . . Hal $ 0 $ 10 $ 0 - $ -10 $ 10 $ 0 $ 0 $ . $ 0 5 2.1. Prepare an income statement for the current month. 1:33 SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses Total expenses 0 $ 0 2.2. Prepare a statement of retained earnings for the current month. 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 0 Total assets Total equity 0 Total liabilities and equity $ $ 0 3. Prepare a statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.) SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities $ 0 Cash flows from Investing activities 0 Cash flows from financing activities 0 $ 0 0 Cash balance, Dec. 1 Cash balance, Dec. 31 $ 0