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 $ 25,360 Dividends $ 6,900 Accounts receivable 22,360 Consulting revenue 27, 900 Office supplies 5 , 250 Rent expense 9,550 Office equipment 20,000 Salaries expense 5,600 Land 44 ,900 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102, 000Use the above information to prepare a December 3'] balance sheet for Help Today. Hint The ending Retained Earnings account balance as of December 31 is $4,470