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 $ 25,430 Dividends 22,450 Consulting revenue $ 6,080 27,080 5,340 Rent expense 20,100 Salaries expense 9,640 5,680 44,080 Telephone expense 970 10,480 Miscellaneous expenses. 102,800 590 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 $10,200. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 $ 0