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 $ 25,270 22,280 5,150 19,910 43,940 10,700 101,000 Dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses Exercise 2-25 (Algo) Preparing an income statement LO P1 $ 5,910 26,920 9,460 5,510 760 430 Use the above information to prepare a December income statement for the business.

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 2-25 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business