Part 3 of 3 0.6 oints eBook Hint G Print References 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. Cash Accounts receivable Office supplies Office equipment Land Assets: Cash Accounts payable Common stock Accounts receivable Office supplies Land Office equipment Total Assets $ 25, 360 22, 360 5, 250 20,000 44,000 $ 10, 500 102, 000 Dividends Consulting revenue Use the above information to prepare a December 31 balance sheet for Help Today. Hint. The ending Retained Earnings account balance as of December 31 is $4,470. Rent expense Salaries expense Telephone expense Miscellaneous expenses HELP TODAY Balance Sheet As of December 31 Liabilities: 25,360 Accounts payable 22,360 5,250 44,000 Equity: 20,000 Common stock Retained earnings Total Equity $ 116,970 Total Liabilities and Equity $ $ 6,000 27,000 $ 9, 550 5, 600 860 520 10,500 10,500 102,000 4,470 106,470 116,970