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 $1,700 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 cash. 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 electrical work completed; the balance is 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 bl. 31 The company paid $980 canh in dividends to the owner (solo shareholder). 2.3. Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity Total assets $ 0