Sanyu Sony started a new business and completed these transactions during December.

Dec.		1		Sanyu Sony transferred $67,800 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 $1,300 cash for the December rent.
		3		The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the $8,200 balance in 30 days.
		5		The company purchased office supplies by paying $800 cash.
		6		The company completed electrical work and immediately collected $1,500 cash for these services.
		8		The company purchased $2,980 of office equipment on credit.
		15		The company completed electrical work on credit in the amount of $6,300.
		18		The company purchased $480 of office supplies on credit.
		20		The company paid $2,980 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 $6,300 cash for the work completed on December 15.
		29		The company paid the assistants salary of $1,800 cash for this month.
		30		The company paid $560 cash for this months utility bill.
		31		The company paid $970 cash in dividends to the owner (sole shareholder).

The folowing informetion applies to the questions Sanyu Sony started a new business and completed these t questions displayed below 1 Sanyu Sony transfemed 567800 cash from a personal savings account to a of Sony Electric in 3 The company purchased $14,000 of electrical equipment by paying pay the $8,200 balance in 30 days $5,800 cash and agreeing s company purchased office supplies by paying $800 cash ompleted electrical work and immediately colected 51.500 cash for these services he compary completed olectrical work on creait in the amount of $6.300 00 The company paid $2.980 cash for the office equipment puschssed on December s 2d the company bitled a client $900 for electrical work completed the belance is due in 30 days company recetved $6,300 cosh for the work completed on December t5 company paid the assistant's salery of $1,800 cash for this month 30 The The company paid $560 cash for this month's utility bE 3t The company paid $970 cash in dividends to the owner (sole sharehoider). Award: 2.90 points 2.1. Prepare an income statement for the current month Aasignment Print Vi SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses Total expenses 2.2. Prepare a statement of retained eanings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained eamings, December 31