Required information The following information applies to the questions displayed below. Sanyu Sony started a new business and completed these transactions during December Dec. Sanyu Sony transferred $69,000 cash from a personal savings account to a checking account in the name of Son Electric in exchange for its common stock. 2 The company rented office space and paid $1,000 cash for the December rent. 3 The company purchased $13,60% of electrical equipment by paying $5,408 cash and agreeing to pay the $8,2010 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,900 cash for these services. 8 The company purchased $2,670 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,300. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,670 cash for the office equipment purchased on December 8. 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. 28 The company received 56,100 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,600 cash for this month. 30 The company paid $560 cash for this month's utility bill. 31 The company paid $918 cash in dividends to the owner (sole shareholder). 2-o. Prepare an income statement for the current month 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. heequired 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 Total Revenues Expenses 0 3_Dann DD 10 DADA Required information SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Total Revenues Expenses 0 Total expenses 0 $ 0 Requ 24 Required 28 > Required information Required 2A Required 2B Required 2c 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 0 5,840 Retained earnings, December 31 $ 5,840 Required information 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 Assets Liabilities Equity 0 Total equity Total liabilities and equity Total assets $ Required information Prepare a statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign ***** Sorah Flow For Monit Ended December 31 Cash flows from operating activities $ 0 Cash flows from investing activities + Required information Cash flows from investing activities 0 Cash flows from financing activities 0 0 Cash balance, Dec. 1 Cash balance, Dec 31 0 $ 0