1 Use the following information for the Quick Studies below. (Algo) [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 $ 8,000 5,100 Dividends Services revenue 7,100 Rent expense 3,540 Wages expense 15,560 $ 2,100 13,800 2,600 8,000 M inces QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint Net income for December is $3,200. LAWSON CONSULTING Statement of Retained Earnings 0