Required information Problem 1-9A Analyzing transactions and preparing financial statements LO C4, P1, P2 The following information applies to the questions displayed below Sanyu Sony started a new business and completed these transactions during December Dec. 1 Sanyu Sony transferred $67,600 cash from a personal savings account to a checking account in the name of Electric in exchange for its common stock 2 The company rented office space and paid $1,880 cash for the December rent 3 The company purchased $14,209 of electrical equipment by paying $6,ee0 cash and agreeing to pay the $8, 20e balance in 30 days 5 The company purchased office supplies by paying $9e0 cash 6 The company completed electrical work and immediately collected $1,500 cash for these services 8 The company purchased $2,680 of office equipment on credit 15 The company completed electrical work on credit in the amount of $6,400 18 The company purchased $430 of office supplies on credit 20 The company paid $2,680 cash for the office equipment purchased on December s 24 The company billed a client $980 for electrical work completed; the balance is due in 3e days 28 The company received $6,400 cash for the work completed on December 15 29 The company paid the assistant's salary of $1,s80 cash for this month 30 The company paid $560 cash for this month's utility bill 31 The company paid $920 cash in dividends to the owner (sole shareholder) Problem 1-9A Part 2 and 3 21. Prepare the income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses