Homework: Accounting for Business Transactions Exercises Assignment 5 Part 2 of 3 Saved Required information [The following information applies to the questions displayed below.] 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. 1.66 points Skipped Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock eBook Hint Print $ 25,300 Dividends $ 5,940 22,310 5,190 Consulting revenue Rent expense 26,940 9,490 19,940 Salaries expense 5,550 43,960 Telephone expense 10,800 Miscellaneous expenses 101,200 800 460 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 $10,640. HELP TODAY Statement of Retained Earnings References Retained earnings, December 1 $ 0