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. Cash Accounts receivable Notes receivable Office supplies Prepaid insurance Equipment Accounts payable Notes payable Unearned revenue Required: $ 11,000 5,000 Common stock $ 17,600 Dividends 3,500 4,000 Consulting revenue 19,500 3,000 Rental revenue 2,000 2,500 Salaries expense 4,500 11,500 Rent expense 3,500 6,100 3,900 Advertising expense Utilities expense 700 500 600 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. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. METRIX Statement of Retained Earnings Retained earnings, December 1 $ 0 0 $ 0