Use the following information

[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 companys records show the following selected accounts and amounts for the month of December.

Cash	$ 25,480	Dividends	$ 6,140
Accounts receivable	22,520	Consulting revenue	27,140
Office supplies	5,390	Rent expense	9,710
Office equipment	20,170	Salaries expense	5,730
Land	44,150	Telephone expense	1,030
Accounts payable	12,020	Miscellaneous expenses	640
Common stock	101,800

1. Use the above information to prepare a December income statement for the business.

2. 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 $10,030.

3.Use the above information to prepare a December 31 balance sheet for Help Today. Hint: The ending Retained Earnings account balance as of December 31 is $3,890.