On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,010 in assets to launch the business. On December 31, the company's records show the following items and amounts. $14,890 Cash withdrawals by owner 12,820 Consulting revenue Cash Accounts receivable office supplies Land office equipment 16,900 Accounts payable Owner investments 7,670 83,010 2,290 Rent expense 45,960 Salaries expense Telephone expense Miscellaneous expenses $ 930 12,820 2,530 5,780 790 610 Using the above information prepare a December statement of owner's equity for Ernst Consulting Hint. J. Ernst, Capital on December 1 was $0. ERNST CONSULTING Statement of Owner's Equity J. Emst, Capital, December 1 S 0 0