Required information [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 $68,200 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,300 cash for the December rent. December 3 The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $800 cash. December 6 The company completed electrical work and immediately collected $1,900 cash for these services. December 8 The company purchased $2,910 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,600. December 18 The company purchased $410 of supplies on credit. December 20 The company paid $2,910 cash for the office equipment purchased on December B. December 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,600 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,500 cash for this month. December 30 The company paid $520 cash for this month's utility bill. December 31 The company paid $970 cash in dividends to the owner (sole shareholder). 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. B of 2 Next Required 2A Required 2B Required 2C Required 3 Prepare the income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Total Revenues Expenses Total expenses