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 Common stock) Dividends $ 13,200 2,400 14,000 Cash Accounts receivables 5.8,800 3,900 Notes receivable. 2,900 Consulting revenue office supplies 1,900 Rental revenue Prepaid insurance 1,460 Salaries expense Equipment 6,000 Rent expense Accounts payable 2,500 Advertising expense Notes payable 2,000 Utilities expens Unearned revenue 300 Required: 900 3,400 2,400 480 280 1. Prepare a December Income statement for the business 2. Prepare a December statement of retained earnings. The Retained Earrings account balance at December 1 was SO 3. Prepare a December 31 balance sheet. Hint Use the Retained Earnings account balance calculated in part 2 Cash $.8,800 Accounts receivable 3,900 Notes receivable 2,900 Office supplies 1,900 Rental revenue Common stock Dividends Consulting revenue $ 13,200 2,400 14,000 900 Prepaid insurance 1,400 Salaries expense 3,400 Equipment 6,000 Rent expense Accounts payable 2,580 Advertising expense 2,400 480 Notes payable 2,800 Utilities expense 280 Unearned revenue 380 Required 1 Required 2 Required 3 Prepare a December income statement for the business. METRIX Income Statement Required 2> Required 1 Required 2 Required 3 Prepare a December statement of retained earnings. The Retained Earnings account balance at Decem METRIX Statement of Retained Earnings Retained earnings, December 1 S 0 Add: Dividends S Required 1 Required 2 Required 3 Prepare a December 31 balance shee. Hint: Use the Retained Earnings account balance calculated in part 2. METRIX Balance Sheet S 0 15 10