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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 con 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's salary of $1,500 cash for this month. 30 The company paid $540 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (Bole shareholder). Required: 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 LA $ 0