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 $ 25,400 Dividends 22,410 Consulting revenue $ 6,040 27,040 5,300 Rent expense. 9,590 20,050 Salaries expense 5,640 44,040 Telephone expense 920 10,500 Miscellaneous expenses. 550 102,400 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement For Month Ended December 31 0 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. Cashi Accounts receivable Office supplies Office equipment Land Accounts payable Common stock. $ 25,400 22,410 Dividends. Consulting revenue 5,300 Rent expense 20,050 Salaries expense 44,040 Telephone expense 10,500 Miscellaneous expenses 102,400 $ 6,040 27,040 9,590 5,640 920 550 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 $10,340. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 $