Homework Assignment i Saved Help Save & Exit Submit Check my work k Required information Use the following information for Exercises 25-27 below. (Algo) [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 $ 25,200 Dividends 22,240 Consulting revenue 5,080 Rent expense $5,830 26,880 9,390 Office equipment 19,860 Salaries expense 5,450 Land 43,890 Telephone expense 690 ces Accounts payable Common stock 10,840 Miscellaneous expenses 390 100,300 xercise 2-26 (Algo) Preparing a statement of retained earnings LO 1 se the above information to prepare a December statement of retained earnings for elp Today. The Retained Earnings account balance at December 1 was $0. Hint: Net icome for December is $10,960. HELP TODAY Statement of Retained Earnings Retained earnings, December 1