Camilla South owns and manages a consulting firm called CS Corporation, which began operations on December 1. On December 31, CS Corporation shows the following selected accounts and amounts for the month of December. Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable Common stock Dividends $ 4,500 Office supplies 3,100 Rental revenue 12,500 Advertising expense 8,200 Prepaid insurance $ 1,600 600 420 1,100 2,500 220 Accounts payable Note receivable 1,220 2,600 3,600 Rent expense 12,400 Unearned revenue 2,100 320 2,100 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 income statement for the business. CS Corporation Income Statement