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. 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 Eamings account Dalance at December 1 was $0. Hint: Net income for December is $10,800. Use the following information for Exercises 2527 below. (Algo) [The following information applies to the questions displayed beiow.] 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. Exercise 2-27 (Algo) Preparing a balance sheet LO P1 Use the above information to prepare a December 31 balance sheet for Help Today. Hint The ending Retained Earnings account balance as of December 31 is $4,910. Exercise 1-12 (Algo) Analysis using the accounting equation LOP1 Zen began a new consulting firm on January 5. The accounting equation showed the following financial summary for each of the company's first five transactions. Analyze the accounting equation for each transaction and match the given transaction with its most likely description