Hul 7 2013 Required Information The following information applies to the questions displayed below. On December 1, Jasmin Ernst organized Ernst Consulting On December 3, the owner contributed $84.920 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 BOOK Cash Accounts receivable office supplies office equipment Land Accounts payable Con stock 5 8,450 Cash dividends 16,950 Consulting revenue 4,080 Rent expense 18,860 Salaries expense 46,020 Telephone expense 9,280 Miscellaneous expenses 94,920 $ 2.30 16,950 4,420 2,900 860 680 Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on December I was so ERNST CONSULTING www.am Manelyk de Acapulco Shore contima u soltarla yravelbo con suurillo de conto acer