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 $ 25,240 Dividends $ 5,870 22,260 Consulting revenue 26,900 office supplies office equipment Land Accounts payable Common stock 43,920 Telephone expense 5,110 Rent expense 9,420 19,890 Salaries expense 5,490 730 10,740 Miscellaneous expenses. 100,700 410 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 $10,850. HELP TODAY Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 11 Add: Net income Less: Dividends 0 $ 0