5 [The following information applies to the questions displayed below. On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts. Part 3 of 3 Cash Accounts receivable Office supplies Land 2.22 points Office equipment Accounts payable Owner investments $ 11,360 Cash withdrawals by owner 14,000 Consulting revenue 3,250 Rent expense 46,000 Salaries expanse 18,000 Telephone expense 8,500 Miscellaneous expenses 84,000 $ 2,009 14,000 3,550 7,000 760 580 Skipped eBook Hint Ask Print References Exercise 1-20 (Static) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Emst Consulting ERNST CONSULTING Balance Sheet