Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Samy Sony transferred $64,900 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 $13,000 of electrical equipment by paying $4,000 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. The company completed electrical work and immediately collected $1,000 cash for these services. 8 The company purchased $2,970 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,800. 18 The company purchased $330 of office supplies on credit. 28 The comparty paid $2,978 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 $4,800 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,000 cash for this month. 38 The company paid $500 cash for this month's utility bill. 31 The company paid $940 cash in dividends to the owner (sole shareholder). 2.3. Prepare a balance sheet as of the end of the month SONY ELECTRIC Balance Stat December 31 Assets Lib Equity Total equity Total labies and equity 3. Prepare a statement of cash flows for the current month (Cash outflows should be indicated with a minus sign.) 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 0 $ 0 Cash balance, Dec. 1 0 Cash Dec 31 0