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 $64,800 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 $1,200 cash for the December rent. 3 The company purchased $13,700 of electrical equipment by paying $5,500 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 $1,700 cash for these services. 8 The company purchased $2,810 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $7,000. 18 The company purchased $490 of office supplies on credit. 20 The company paid $2,810 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 $7,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,800 cash for this month. 30 The company paid $550 cash for this month's utility bill. 31 The company paid $930 cash in dividends to the owner (sole shareholder). 2.1. Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses 0 Total expenses $ 0 2.2. 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 $ 0 0 0 Retained earnings, December 31 $ 0 2.3. Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity Total assets $ $ Saved Required information 3. Prepare a statement of cash flows for the current month. (Cash outflows should be indicated wit SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities $ $ 0 Cash flows from investing activities 0 Cash flows from financing activities