Required information Problem 1-9A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 [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 $69,300 cash fron a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. Decerber 2 The company paid $1,900 cash for the December rent. December 3 The company purchasod $13,400 of electrical equipment by paying $5,200 cash and agreeing to pay the $8,200 balance in 30 days. Decenber 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical vork and immediately collected $1,700 canh for these nervicen. December 8 The company purchased $2,720 of office equipment on credit. December 15 The company completed electrieal work on eredit in the amount of $4,200. December 18 The company purchased $360 of supplies on eredit. December 20 The company paid $2,720 cash for the office equipment purchased on becember 8. December 24 The company billed a client $800 for electrieal work completed, the balance is due in 30 dayg. December 28 The company received $4,200 caeh for the work completed on December 15. December 29 The company paid the assistant's salary of $2,000 cash for this month. December 30 The company paid 5520 cash for this month'g utility bil1. December 31 The company paid 5940 eash in dividends to the owner (sole ohareholder). Problem 1-9A (Algo) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the stotement of cash flows for the current month. Prepare the income statement for the current month. Prepare the statement of retained earnings for the curren 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. Required information Required 2C