Check my work 3 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85.160 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable. Office supplies $ 7,520 Cash dividends Consulting revenue $ 3,190 17,950 17,950 4,310 Rent expense 4,720 19,190 Land 46,000 Salaries expense Telephone expense 8,220 900 Accounts payable 9,600 Miscellaneous expenses 710 Common stock 85,160 Office equipment ces Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement E Next > Accounts receivable 17,950 Consulting revenue 17.958 Office supplies 4,310 Rent expense 4,720 Part 1 of 3 Office equipment Land 19,190 Salaries expense 8,228 46,000 Telephone expense 908 Accounts payable Common stock 9,600 Miscellaneous expenses 85,160 710 8 points ellook Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business ERNST CONSULTING Income Statement Hint Ask Print References Check my work