! Required information Use the following information for Exercises 25-27 below. (Algo) [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 Dividends Consulting revenue $ 25,370 22,370 $ 6,020 27,010 5,260 Rent expense 9,570 Office equipment 20,020 Salaries expense 5,620 Land 44,010 Telephone expense 880 Accounts payable 10,540 Miscellaneous expenses 530 Common stock 102,100 Exercise 2-26 (Algo) Preparing a statement of retained earnings LO P1 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 $10,410. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 $ 0