Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the companys records show the following selected accounts and amounts for the month of December.

Cash	$ 25,220	Dividends	$ 5,850
Accounts receivable	22,250	Consulting revenue	26,890
Office supplies	5,100	Rent expense	9,410
Office equipment	19,870	Salaries expense	5,470
Land	43,900	Telephone expense	710
Accounts payable	10,790	Miscellaneous expenses	400
Common stock	100,500

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.