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Required information (The following information applies to the questions displayed below.) Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $69,800 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 $1,700 cash for the December rent. 3 The company purchased $13,600 of electrical equipment by paying $5,400 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 $1,800 cash for these services. 8 The company purchased $2,820 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,700. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,820 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 $6,700 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 $540 cash for this month's utility bill. 31 The company paid $930 cash in dividends to the owner (sole shareholder). 2-a. Prepare an income statement for the current month. 2-b. Prepare a statement of retained earnings for the current month. 2-c. Prepare a balance sheet as of the end of the month. 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2c Required 3 Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Total Revenues Expenses Total expenses Prepare a statement of retained earnings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 $ Add: Net income 0 5,160 Less: Net loss Retained earnings, December 31 $ 5,160 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Liabilities Accounts payable Assets Cash Office supplies Office equipment Accounts receivable Equity Common stock 0 Total equity 0 Total liabilities and equity Total assets 0 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare a statement of cash flows for the current month. (Cash outflows shouls SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash paid for rent Cash paid for supplies Cash paid to employees Cash paid for utilities $ 0 Cash flows from investing activities Cash paid for electrical equipment Cash paid for office equipment 0 Cash flows from financing activities Cash paid for supplies 0 $ 0 0 Cash balance, Dec. 1 Cash balance, Dec. 31 $ 0