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Please can anyone help me with this? equired information The following information applies to the questions displayed below) Sanyu Sony started a new business and

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equired information The following information applies to the questions displayed below) Sanyu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred $68,000 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,900 cash for the December rent. December 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. December 5 The company purchased supplies by paying $700 cash. December 6 The company completed electrical work and immediately collected $1,800 cash for these services. December 8 The company purchased $2,570 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $4,300. December 18 The company purchased $350 of supplies on credit. December 20 The company paid $2,570 cash for the office equipment purchased on December 8. December 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,300 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $580 cash for this month's utility bill. December 31 The company paid 5910 cash in dividends to the owner (sole shareholder). - Prepare the income statement for the current month. Prepare the statement of retained earnings for the current month. . Prepare the balance sheet as of the end of the month Prepare the statement of cash flows for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Electrical services revenue $ 8,200 8.200 Total Revenues Expenses Rent expense Salaries expense Utilities expense 1,900 1,400 580 Total expenses Net income 3,880 4,320 $ Required 2A Required 2A Required 2B Required 20 Required 3 Prepare the statement of retained earnings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 $ Add: Net income 0 Add: Dividends 4,320 (910) 4,320 Retained earnings, December 31 BA 4,320 Required information Prepare the statement of cash flows for the current month. (Cash outflo SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities ntes S 0 Cash flows from investing activities Cash flows from financing activities 0 0 Cash balance, December 1 Cash balance December 31 $ 0 $ 0

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