c 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 $83,390 In assets to launch the business. On December 31, the company's records show the following items and amounts. Cash $ 13,210 Cash withdrawals by owner $1,460 Accounts receivable 13,320 Consulting revenue 13,320 Office Supplies 2,720 Rent expense 2.950 Land 45,910 Salaries expense Office equipment 17,350 Telephone expense Accounts payable 7,970 Miscellaneous expenses Owner Investments 83,390 830 Using the above information prepare a December statement of owner's equity for Emst Consulting. Hint. J. Erst Capital on December I was so ERNST CONSULTING Statement of Owner's Equity Using the above information prepare a December statement of owner's equity for Ernst Consulting Hint J. Ernst, Capital on December 1 was so ERNST CONSULTING Statement of Owner's Equity $ J Emst Capital, December 1 Add Net Income 0 Less: Withdrawals by owner 3. Ernst Capital, December 31 1.460 -1.460 5 Use the above information to prepare a December 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet 0 0 $ 0 5