! 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 Accounts payable Common stock $ 25,360 Dividends $ 6,000 22,360 Consulting revenue 27,000 5,250 Rent expense 20,000 Salaries expense 44,000 Telephone expense 10,500 Miscellaneous expenses 102,000 9,550 5,600 860 520 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 $10,470. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 $ 0