Required information

$[$The following information applies to the questions displayed below.$]$

On December $31,$ Hawkin's records show the following accounts.

$\backslash$table$[[$Cash$,7,100],[$Accounts Receivable,$500],[$Supplies$,3,700],[$Equipment$,16,000],[$Accounts Payable,$7,000],[$Common stock,$11,800],[$Retained earnings, December $1,5,000],[$Dividends$,1,300],[$Services Revenue,$17,000],[$Wages Expense,$8,000],[$Rent Expense,$2,500],[$Utilities Expense,$1,700]]$

Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December $31.$ Hint. Net income is $$4,800.$

$\backslash$table$[[$HAWKIN$],[$Statement of Retained Earnings$],[$For Month Ended December $31],[$Retained earnings, December $1,$$$,0],[$Add: Net income,,$48,000],[,,48,000],[$Less: Dividends,,$1,300],[$Retained earnings, December $31,$$$,46,700]]$