Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable Common stock Dividends $ 5,500 3,300 13,500 8,600 260 2,700 3,800 12,800 2,300 Office supplies Rental revenue Advertising expense Prepaid insurance Accounts payable Note receivable Rent expense Unearned revenue $ 1,800 800 460 1,300 2,260 2,800 2,300 360 Required: 1. Prepare a December income statement for the business. 2. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0, and the owner invested $12,800 cash in the company on December 2 in exchange for common stock 3. Prepare a December 31 balance sheet. Hint Use the Retained Earnings account balance calculated in part 2. The company pacu pe100 COSTU GH! Ce pancy Covers CHE HICAL 24 ORCHIS. 5 The company purchased supplies for $880 cash. 20 The company received $3,331 cash from taking photos for customers. 31 The company paid $675 cash for August utilities. Required: 1. Post the transactions to the T-accounts. 2. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the transactions to the T-accounts. Cash Supplies Balance Balance Prepaid Insurance Equipment