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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 $83,110 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land office equipment Accounts payable Owner investments $ 14,550 Cash withdrawals by owner 12.940 Consulting revenue 2,400 Rent expense 45,860 Salaries expense 17,028 Telephone expense 7,820 Miscellaneous expenses 83, 110 $ 1,120 12,940 2,640 5,920 see 620 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 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 0