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The following information applies to the questions displayed below.] Fanyu Sony started a new business and completed these transactions during December. ec. 1 Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in the name Electric in exchange for its common stock. 2 The company rented office space and paid $1,000 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,530 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,000. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,530 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 $5,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $540 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). repare an income statement for the current month. repare a statement of retained earnings for the current month. repare a balance sheet as of the end of the month. pare a statement of cash flows for the current month. 3

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