of 3 ok nt 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 $84,580 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 $9,390 Cash dividends 16,020 Consulting revenue 3,830 Rent expense Office equipment Land 18,550 Salaries expense 45,980 Telephone expense Accounts payable 9,060 Miscellaneous expenses Common stock 84,580 $ 2,650 16,020 4,190 7,570 830 650 ! Part 2 of 3 10 points 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 $84,580 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following item and amounts. Cash Accounts receivable $9,390 Cash dividends 16,020 Consulting revenue 3,830 Rent expense office supplies office equipment 18,550 Salaries expense eBook Land 45,980 Telephone expense Accounts payable Common stock 9,060 Miscellaneous expenses 84,580 $ 2,650 16,020 4,190 7,570 830 650 Hint Print Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on December 1 was $0. ERNST CONSULTING References Statement of Retained Earning Retained earnings, December 1. Add: Dividends Add: Net income Add: Net loss 0