I have no idea how to set up this income statement

0 Required information [The following information applies to the questions displayed below.) On December 1, Jasmin Erst organized Ernst Consulting. On December 3, the owner contributed $85,050 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 Office equipment Land Accounts payable Common stock $ 7,950 Cash dividends 17,459 Consulting revenue 4,200 Rent expense 19,068 Salaries expenso 46,010 Telephone expense 9,430 Miscellaneous expenses 85,050 $ 3,070 17,450 4,530 8,090 890 690 Using the above information prepare a December income statement for the business. ! Required information ERNST CONSULTING Income Statement Revenues Consulting revenue S 0 Net income