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Help in resolving the Income Statement, Statement of retained earnings, balance sheet, On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner

Help in resolving the Income Statement, Statement of retained earnings, balance sheet,
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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,780 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the $ 8,990 $ 2,830 16, 540 18, 660 45, 980 84, 780 following items and amounts. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock 3,930 9,170 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 7, 740 850 670 Using the above information prepare a December income statement for the business.

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