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

Dec.		1		Sanyu Sony transferred $68,000 cash from a personal savings account to a checking account in the name of Sony Electric.
		2		The company rented office space and paid $1,100 cash for the December rent.
		3		The company purchased $14,800 of electrical equipment by paying $6,600 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 $1,400 cash for these services.
		8		The company purchased $2,900 of office equipment on credit.
		15		The company completed electrical work on credit in the amount of $6,700.
		18		The company purchased $310 of office supplies on credit.
		20		The company paid $2,900 cash for the office equipment purchased on December 8.
		24		The company billed a client $800 for electrical work completed; the balance is due in 30 days.
		28		The company received $6,700 cash for the work completed on December 15.
		29		The company paid the assistants salary of $1,300 cash for this month.
		30		The company paid $540 cash for this months utility bill.
		31		Sanyu Sony withdrew $990 cash from the company for personal use.

2.1. Prepare an income statement for the current month.

2.2. Prepare a statement of owner's equity for the current month.

2.3. Prepare a balance sheet as of the end of the month.

3. Prepare a statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.)