! Required information (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 $67,400 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 $1,500 cash for the December rent. 3 The company purchased $14,400 of electrical equipment by paying $6,200 cash and agreeing to pay the $8,200 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 cash for these services. 8 The company purchased $2,960 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,900. 18 The company purchased $430 of office supplies on credit. 20 The company paid $2,960 cash for the office equipment purchased December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $6,900 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,900 cash for this month. 30 The company paid $560 cash for this month's utility bill. 31 The company paid $920 cash in dividends to the owner (sole shareholder). 2-a. Prepare an income statement for the current month. 2-b. Prepare a statement of retained earnings for the current month. 2-c. Prepare a balance sheet as of the end of the month. 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues 9,300 9,300 Electrical fees earned Total Revenues Expenses Rent expense Salaries expense 1,500 1,900 560 Utilities expense Total expenses Net income 3,960 5,340 $ Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 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 $ Add: Net income 0 5,340 5,340 920 4,420 Less: Dividends Retained earnings, December 31 $ Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Liabilities Accounts payable Assets Cash Office equipment Electrical equipment Accounts receivable Equity Common stock Retained earnings Total equity 0 Total liabilities and equity 0 Office supplies Total assets $ $ 0 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2cRequired 3 Prepare a statement of cash flows for the current month. (Cash outflows shou SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for rent Cash paid to employees Cash paid for utilities Cash paid for supplies $ 0 Net cash provided by operating activities Cash flows from investing activities Cash paid for office equipment Cash paid for electrical equipment 0 Net cash used by investing activities Cash flows from financing activities Cash dividend to shareholder