Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below] Lawson Consulting had the following accounts and amounts on December 31. Cash Accounts receivable Equipment Accounts payable Common stock $ 5,000 4,500 Dividends Services revenue 6,508 Rent expense 3,000 Wages expense 10,500 $ 1,500 12,000 2,000 6,000 QS 2-17 (Static) Preparing a balance sheet LO P1 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending Retained Earnings account balance as of December 31 is $2,500. LAWSON CONSULTING Balance Sheet