Required information Problem 1-9A Analyzing transactions and preparing financial statements LO C4, P1, P2 (The following information apples to the questions displayed below) Sanyu Sony started a new business and completed these transactions during December Dec. 1 Sanyu Sony transferred $69,900 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock 2 The company rented office space and paid $1,400 cash for the December rent. 3 The company purchased $13,900 of electrical equipment by paying 55,700 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 immediately collected $1,000 cash 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 $5,400. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,740 cash for the office equipment purchased on December 8. 24 The company billed a client $1,888 for electrical work completed; the balance is due in 30 days. 28 The company received 55,400 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,888 cash for this month. 30 The company paid $550 cash for this month's utility bill. 31 The company paid $938 cash in dividends to the owner (sole shareholder). Problem 1-9A Part 2 Required information Part 2 of 2 SONY ELECTRIC Income Staterrent For Month Ended December 31 25 Electrical fees earned 7,400 points Expenses ebook Rent expense 1.400 Salaries expense Utilities expense Print References Total expenses 3.750 3,650 2.2. Prepare the statement or retained earnings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained earnings, December 31 References 2.3. Prepare the balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Cash Equity Accounts receivable Office supplies Electrical equipment Oflice equipment Total equity 0 Total abilities and equity 5 Total assets 5 0