! 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 Office equipment Land Accounts payable Common stock $ 25,350 Dividends $ 5,980 22,340 Consulting revenue 26,980 5,230 Rent expense 9,530 19,980 Salaries expense 5,590 43,990 Telephone expense 850 10,660 Miscellaneous expenses 500 101,700 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 $10,510. HELP TODAY Statement of Retained Earnings Retained earnings, December 1