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Required information Problem 1-9 A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below) Sanyu Sony started a new business and completed these transactions during December Dec. 1 Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in the name 2 The company rented office space and paid $1,000 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and Inmediately collected $1,200 cash for these services. 8 The company purchased $2,530 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,000. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,530 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 $5,088 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $540 cash for thi month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). ces 2.1. Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues s Expenses Total expenses 2.2. Prepare a statement of retained earnings for the current month. SONY ELECTRIC Statement of Owner's Equity For Month Ended December 31 Retained earnings, December 1 $ 0 Retained earnings, December 31 2.3. Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity Total equity Total liabilities and equity Total assets