Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $67,500 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,900 cash for the December rent. December 3 The company purchased $13,700 of electrical equipment by paying $5,500 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $800 cash. December 6 The company completed electrical work and immediately collected $1,500 cash for these services. December 8 The company purchased $2,910 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $7,000. December 18 The company purchased $390 of supplies on credit. December 20 The company paid $2,910 cash for the office equipdent purchased on December 8 . December 24 The company billed a client $900 for electrical work conpleted; the balance is due in 30 days. December 28 The company received $7,000 cash for the work completed on Deceaber 15. December 29 The company paid the assistant's salary of $1,600 cash for this month. December 30 The company paid $580 cash for this month's utility bill. December 31 The company paid $950 cash in dividends to the owner (sole shareholder). Prepare the income statement for the current month. Prepare the statement of retained earnings for the current Prepare the balance sheet as of the end of the month