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 $69,600 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 $1,800 cash for the December rent. December 3 The company purchased $13,400 of electrical equipment by paying $5,200 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,200 cash for these services. December 8 The company purchased $2,830 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $6,700. December 18 The company purchased $300 of supplies on credit. December 20 The company paid $2,830 cash for the office equipment purchased on December 8. December 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. December 28 The company received $6,700 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $580 cash for this month's utility bill. December 31 The company paid $940 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. Date December 1 December 2 Balance after December 1 and Decerober 2 December 3 Balance after December 3 December 5 Balance after December 5 December 6 Balance after December 6 December 8 Balance after December 8 December 15 Balance after December 15 December 18 Balance after December 18 December 20 Balance after December 20 December 24 Balance after December 24 December 28 Balance after December 28 December 29 Balance after December 29 December 30 Balance after December 30 December 31 Balance after December 31 Cash + Assets Liabilities Equity Accounts Receivable Supplies + Office Equipment Electrical Equipment Accounts Payable Common Stock Dividends Revenues Expenses + + + + + + + + + + + + + + + + + + + + + + +