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 $64,100 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 $1,100 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 $1,700 cash for these services. December 8 The company purchased $2,850 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,000. December 18 The company purchased $430 of supplies on credit. December 20 The company paid $2,850 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 $5,000 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,900 cash for this month. December 30 The company paid $550 cash for this month's utility bill. December 31 The company paid $900 cash in dividends to the owner (sole shareholder). Problem 1-9A (Algo) Part 2 and 3 \begin{tabular}{|l|l|r|} \hline \multicolumn{2}{|c|}{ SONY ELECTRIC } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline Revenues & & \\ \hline Electrical services revenue & & \\ \hline Rent expense & & \\ \hline Total Revenues & & \\ \hline Expenses & & \\ \hline Salaries expense & & \\ \hline Utilities expense & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline Total expenses & & \\ \hline & & \\ \hline \end{tabular}