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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, and the op invested $11,600 cash in the company on December 2 in exchange for common stock. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December income statement for the business. METRIX Income Statement As of December 31 0 Equipment Salaries expense Consulting revenue Cash Utilities expense Note payable Accounts receivable Common stock Dividends $ 4,000 3,000 12,000 8,000 200 2,400 3,500 11,600 2.000 office supplies Rental revenue Advertising expense Prepaid insurance Accounts payable Note receivable Rent expense Unearned revenue $1,500 500 400 1,000 1,300 2,500 2,000 300 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, and the own invested $11,600 cash in the company on December 2 in exchange for common stock, 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0, and the owner invested $11,600 cash in the company on December 2 in exchange for common stock. METRIX Statement of Retained Earnings $ 0 Retained earnings, December 1 0 BE

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