Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31. The I. Lawson, Capital account balance at December 1 was $0 and the owner invested $13,010 cash in the company on December 2. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital $ 5,500 I. Lawson, Withdrawals 4,600 Services revenue 6,600 Rent expense 3,090 Wages expense 13,010 $ 1,600 12,300 2,100 8,000 QS 2-15 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business. Use the above information to prepare a December income statement for the business. LAWSON CONSULTING Income Statement For Month Ended December 31 Revenues: Services revenue $ 12,000 Total Revenues Expenses: Rent expense 2,000 Wages expense 6,000 Total Expenses Net income $ 12,000 8,000 $ 4,000