14 Part 2 of 3 5 points eBook Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Lawson Consulting had the following accounts and amounts on December 31. Cash Accounts receivable Equipment Accounts payable Common stock $10,500 Dividends 5,600 Services revenue 7,600 Rent expense 3,990 Wages expense 18,110 $ 2,600 15,300 3,100 8,000 Hint References QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint. Net income for December is $4,200. LAWSON CONSULTING Statement of Retained Earnings For Month Ended December 31 Retained Eamings, December 19 Add: Net income Less: Dividends Retained Earings, December 31 $ 0 C