Lawson Consulting had the following accounts and amounts on December 31. Cash Accounts receivable Equipment Accounts payable Common stock $ 12,000 Dividends Services revenue 5,900 7,900 Rent expense 4,260 Wages expense 19,640 $ 2,900 16,200 3,400 8,000 QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December.1 was $0. Hint. Net income for December is $4,800. LAWSON CONSULTING Statement of Retained Earnings 0 $ 0