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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Lawson Consulting had the following accounts and amounts on December 31. 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 $2,800. QS 2-17 (Algo) Preparing a balance sheet LO P1 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending Retained Earnings account balance as of December 31 is $900