On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts. Cash $ 15,140 Cash dividends $ 830 Accounts receivable 12,720 Consulting revenue 12,720 Office supplies 2,110 Rent expense 2,380 Office equipment 16,780 Salaries expense 5,620 Land 46,010 Telephone expense 780 Accounts payable 7,360 Miscellaneous expenses 600 Common stock 82,890 Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business