Sanyu Sony started a new business and completed these transactions during December Dec. 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. 2 The company rented office space and paid $2,700 cash for the December rent. 3 The company purchased $14,900 of electrical equipment by paying $6,700 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $700 caab. 6 The company completed electrical work and immediately collected $2,000 cash for these services. # The company purchased $2,810 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,600. 18 The company purchased $460 of office supplies on credit. 20 The company paid $2,810 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for olectrical work completed the balance in due in 30 days: 28 The company received $4,600 cash for the work completed on December 15. 29 The company paid the assistant's salary of $2,000 cash for this month. 30 The company paid $520 cash for this month's utility bill. 31 The company paid $980 cash in dividends to the owner (Bole hareholder). 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 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 0 Cash balance, Dec. 1 Cash balance, Dec. 31 $ 0