On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $84,000 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 $11,360 14,000 Cash dividends Consulting revenue $ 2,000 24,000 office supplies 3,250 Rent expense 3,550 Land 46,000 Salaries expense 7,000 office equipment 18,000 Telephone expense 760 Accounts payable 8,500 Miscellaneous expenses 580 Common stock 84,000 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement 0