\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ ERNST CONSULTING } \\ \hline Statement of Retained Earning t \\ \hline Retained earnings, December 1 & $ \\ \hline & $ \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ ERNST CONSULTING } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earning } \\ \hline Retained earnings, December 1 & \\ \hline Add: Dividends & \\ \hline Add: Net income & \\ Add: Net loss & $ \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,850 in assets in exchange for its common stock to launc the business. On December 31 , the company's records show the following items and amounts. 1sing the above information prepare a December statement of retained earnings for Ernst Consulting. Hint Retained Earnings secember 1 was $0