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Exercise 1 - 1 8 Preparing an income statement P 2 On December 1 , Jasmin Ernst organized Ernst Consulting. On December 3 , the

Exercise 1-18 Preparing an income statement P2
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 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. Use this information to prepare a December income statement for the business.
\table[[Cash,$11,360
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