[The following information applies to the questions displayed below] Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $66,700 cash from a personal savings account to a checking account in the nuse 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 $14,500 of electrical equipment by paying $6,380 cash and agreeing to pay the $8,280 balance in 30 days. December 5 The company purchased supplies by paying $8e0 cash. Decenber 6 The company completed electrical work and immediately collected $1,60e cash for these services. December 8 The company purchased $2,86 of office equipment on credit. December 15 The company completed electrical work on eredit in the amount of $4,500. Decenber 18 The company purchased $440 of supplies on credit. December 20 The company paid $2,860 cash for the office equipment purchased on December 8. December 24 The company billed a client \$8ee for electrical work completed; the balance is due in 30 days. December 28 The conpany received $4,500 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,500 cash for this month. December 30 The company paid $520 cash for this month's utility bill. December 31 . The company paid $980 cash in dividends to the owner (sole shareholder). 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained eamings for the current month 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 \begin{tabular}{|l|l|} \hline Retained earnings, December 1 & \\ \hline & \\ \hline & \\ \hline & \\ \hline Retained earnings, December 31 & \\ \hline \end{tabular} SONY ELECTRIC Balance Sheet December 31 \begin{tabular}{|l|l|l|} \hline Assets & Liabilities \\ \hline Total assets & Total liabilities \\ \hline \end{tabular} SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash flows from investing activities Cash flows from investing activities Cash flows from financing activities \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash balance, December 1 & & \\ \hline Cash balance, December 31 & & \\ \hline \end{tabular}