Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 11,360 Cash dividends 14,000 Consulting revenue Rent expense 3,250 18,000 Salaries expense 46,000 Telephone expense 8,500 Miscellaneous expenses 84,000 $ 2,000 14,000 3,550 7,000 760 580 Exercise 1-18 (Static) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business. Answer is not complete. ERNST CONSULTING Income Statement For Month Ended December 31 Revenues Consulting revenue 14,000 $ 14,000 Total revenues Expenses Miscellaneous expenses 580 3,550 Rent expense 7,000 Salaries expense 760 Telephone expense 11,890 Total expenses Net income