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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting, which began

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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1 , had the following accounts and amounts on December 31 The 1. Lawson, Capital account balance at December 1 was $0 and the owner invested $16,580 cash in the company on December 2. On December 31, the company's accounts and amounts for the month of December are shown in the table below: QS 2-16 (Algo) Preparing a statement of owner's equity LO P1 QS 2-16 (Algo) Preparing a statement of owner's equity LO P1 Use the above information to prepare a December statement of owner's equity for Lawson Consulting. Hint Net income for December is $3,600

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