Required information Problem 1-9A (Static) Analyzing transactions and preparing financial statements LO P1, P2 [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 $65,000 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its comnon stock. December 2 The conpany paid $1,000 cash for the December rent. December 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,208 batance in 30 days. December 5 The company purchased supplies by paying $800 cash. December 6 The company completed electrical work and imnediately collected $1,200 cash for these services. December 8 The company purchased $2,530 of office equipaent on credit. December 15 The company completed electrical work on credit in the amount of $5,000. December 18 The company purchased $356 of supplies on credit. December 20 The conpany paid $2,530 cash for the office equipment purchased on Decenber 8. December 24 The company billed a client $980 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,600 cash for the work conpleted on December 15. December 29 The company paid the assistant's satary of $1,400 cash for this month. becember 30 The conpany paid $540 cash for this month's utility bilt. December 31 The company paid $950 cash in dividends to the owner (sole shareholder). Problem 1-9A (Static) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the income statement for the current month. 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