$[$The following information applies to the questions displayed below.$]$ Prepare the income statement for the current month. Prepare the statement of retained earnings for the current month.Prepare the balance sheet as of the end of the month.Prepare the statement of cash flows for the current month.

Note: Cash outflows should be indicated with a minus sign.

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

December $1$ Sanyu Sony transferred $$68,400$ 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 $$1,100$ cash for the December rent.

December $3$ The company purchased $$14,700$ of electrical equipment by paying $$6,500$ cash and agreeing to pay

the $$8,200$ balance in $30$ days.

December $5$ The company purchased supplies by paying $$1,000$ cash.

December $6$ The company completed electrical work and immediately collected $$1,700$ cash for these services.

December $8$ The company purchased $$2,810$ 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 $$2,810$ cash for the office equipment purchased on December $8.$

December $24$ The company billed a client $$800$ for electrical work completed; the balance is due in $30$ days.

December $28$ The company received $$7,000$ cash for the work completed on December $15.$

December $29$ The company paid the assistant's salary of $$1,700$ cash for this month.

December $30$ The company paid $$580$ cash for this month's utility bill.

December $31$ The company paid $$990$ cash in dividends to the owner $($sole shareholder$).$