[The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Dividends Cash Accounts receivable Equipment Accounts payable Common stock $ 5,000 4,500 Services revenue 6,500 Rent expense 3,000 10,500 Wages expense $ 1,500 12,000 2,000 6,000 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The endin Retained Earnings account balance as of December 31 is $2,500. LAWSON CONSULTING Balance Sheet As of December 31 Assets: Cash Liabilities: $ 5,000 Accounts payable $ 3,000 Accounts payable 3,000 Equipment 6,500 Total Liabilities Equity: Common stock 3,000 10,500 Total Equity 10,500 Total Assets $ 14,500 Total Liabilities and Equity $ 13,500