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. $ 25,350 Dividends 22,340 Consulting revenue Cash Accounts receivable office supplies 5,230 Rent expense office equipment 19,980 Salaries expense Land 43,990 Telephone expense Accounts payable 10,660 Miscellaneous expenses Common stock 101,700 $ 5,980 26,980 9,530 5,590 850 500 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. Answer is not complete. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 Add: Net income 10,510 10,510 Less: Dividends w (5,980) Retained earnings, December 31 $ 4,530