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Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $64,400 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 The company paid $1,300 cash for the December rent. December 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. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,600 cash for these services. December 8 The company purchased $2,540 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $4,900. December 18 The company purchased $450 of supplies on credit. December 20 The company paid $2,540 cash for the office equipment purchased on December 8. December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,900 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $570 cash for this month's utility bill. December 31 Sanyu Sony withdrew $990 cash from the company for personal use. Prepare the statement of cash flows for the current month. (Cash outflows should SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities $ Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 0 Cash balance, December 1 Cash balance, December 31 $ $

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