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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

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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 25,300 Dividends 22,310 Consulting revenue 5,190 Rent expense 19,940 Salaries expense 43,960 Telephone expense 10,800 Miscellaneous expenses 101,200 5,940 26,940 9,490 5,550 800 460 Use the above information to prepare a December income statement for the business HELP TODAY Income Statement 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 $10,640. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 Use the above information to prepare a December 31 balance sheet for Help Today. HELP TODAY Balance Sheet Total equity

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