[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 22,390 Dividends 5,280 Rent expense 20,030 Consulting revenue Salaries expense 44,030 10,580 Telephone expense Miscellaneous expenses 102,200 $ 6,030 27,020 9,580 5,630 900 540 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 earnings, December 1