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

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 statement of cash flows for the current month.

December 1	Sanyu Sony transferred $68,200 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 $1,600 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 $900 cash.
December 6	The company completed electrical work and immediately collected $1,800 cash for these services.
December 8	The company purchased $2,500 of office equipment on credit.
December 15	The company completed electrical work on credit in the amount of $4,300.
December 18	The company purchased $350 of supplies on credit.
December 20	The company paid $2,500 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 $4,300 cash for the work completed on December 15.
December 29	The company paid the assistants salary of $1,700 cash for this month.
December 30	The company paid $530 cash for this months utility bill.
December 31	The company paid $920 cash in dividends to the owner (sole shareholder).

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