Required information 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. $ 14,000 Dividends Cash Accounts receivable Equipment Accounts payable Common stock 6,300 Services revenue 8,300 Rent expense 4,620 Wages expense 21,680 $3,300 17,400 3,800 8,000 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 $5,600. LAWSON CONSULTING Statement of Retained Earnings