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 Consulting revenue Cash $ 11,600 Accounts receivable: 5,300 Notes receivable 4,300 office supplies. 3,300 Rental revenue Prepaid insurance 2,000 Salaries expense, Equipment 13,000 Rent expense Accounts payable 7,060 Advertising expense Notes payable. 4,200 Utilities expense Unearned revenue 660 Required: ces 1. Prepare a December income statement for the business. $ 18,800 3,800 21,000 2,300 4,800 3,800 760 560 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.