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 $ 25,220 22,250 Dividends $ 5,850 Consulting revenue 26,890 5,100 Rent expense 9,410 19,870 Salaries expense 5,470 43,900 Telephone expense 710 10,790 Miscellaneous expenses) 400 100,500 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 $10,900. HELP TODAY Statement of Retained Earnings Retained earnings, December 1