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 $ 25,390 Dividends 22,390 Consulting revenue 5,280 Rent expense $ 6,030 27,020 9,580 5,630 10,580 Miscellaneous expenses 102,200 900 540 20,030 Salaries expense. 44,030 Telephone expense 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 $10,370. HELP TODAY Statement of Retained Earnings Retained eamings, December 1