Problem 2-7A Preparing an income statement, statement of retained earnings, and balance sheet [ P Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Me shows the following selected accounts and amounts for the month of December. Required 1. Prepare a December income statement for the business. 2. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2