Problem $2-7$A $($Algo$)$ Preparing an income statement, statement of retained earnings, and balance sheet LO P$1$

Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December $1.$ On December $31,$ Metrix shows the following selected accounts and amounts for the month of December.

$\backslash$table$[[$Cash$,$$$8,200,$Common stock,$$12,400$