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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

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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 $65,000 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 $1,000 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying 5800 cash, 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,530 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,000. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,530 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 $5,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $540 cash for this month's utility bill. 31 The company paid $950 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 28 Required 2c Required 3 Required information Required 2A Required 28 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 Total expenses Required information . VO. 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs 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 Retained earnings, December 31

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