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Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected

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Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December $ Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock 25,220 Dividends 22,250 Consulting revenue 5,100 Rent expense 19,870 Salaries expense 43,900 Telephone expense 10,790 Miscellaneous expenses 100,500 5,850 26,890 9,410 5,470 710 400 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint Net Income for December is $10,900. HELP TODAY Statement of Retained Earnings For Month Ended December 31 Retained eamings, December 1 0 0

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