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

Dec. 1 Sanyu Sony transferred $64,800 cash from a personal savings account to a checking account in the name of Sony Electric.

2 The company rented office space and paid $1,600 cash for the December rent.

3 The company purchased $13,800 of electrical equipment by paying $5,600 cash and agreeing to pay the $8,200 balance in 30 days.

5 The company purchased office supplies by paying $900 cash.

6 The company completed electrical work and immediately collected $1,500 cash for these services.

8 The company purchased $2,590 of office equipment on credit.

15 The company completed electrical work on credit in the amount of $4,600.

18 The company purchased $340 of office supplies on credit.

20 The company paid $2,590 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 assistants salary of $1,400 cash for this month.

30 The company paid $550 cash for this months utility bill.

31 Sanyu Sony withdrew $960 cash from the company for personal use.

3.1 Prepare an income statement for the current month. SONY ELECTRIC ncome Statement For Month Ended December 31 Revenues Total Revenues Expenses Total expenses 3.2 Prepare a statement of owner's equity for the current month SONY ELECTRIC Statement of Owner's Equity For Month Ended December 31 S. Sony, Capital, December 1 0 S. Sony, Capital, December 31 0