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 $ 11,000 Common stock $ 17,600 Accounts receivable 5,000 Dividends 3,500 Notes receivable 4,000 Consulting revenue 19,500 Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense Notes payable 3,900 Utilities expense 700 500 Unearned revenue 600 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. 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 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. METRIX Balance Sheet $ 0 0 $ 0 $ 0