Use the following information for the Quick Studies below. $($Algo$)$

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Lawson Consulting had the following accounts and amounts on December $31.$

Cash $ $5,500$ Dividends $ $1,600$

Accounts receivable $4,600$ Services revenue $12,300$

Equipment $6,600$ Rent expense $2,100$

Accounts payable $3,090$ Wages expense $8,000$

Common stock $13,010$

QS $2-16($Algo$)$ Preparing a statement of retained earnings LO P$1$

Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December $1$ was $$0.$ Hint: Net income for December is $$2,200.$