Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December $1.$ On December $31,N$

shows the following selected accounts and amounts for the month of December.

Required:

Prepare a December income statement for the business.

Prepare a December statement of retained earnings. The Retained Earnings account balance at December $1$ was $$0.$

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 $2$

Prepare a December income statement for the business.