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 company's records show the following items and amounts. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 15,140 Cash dividends 12,720 Consulting revenue. 2,110 Rent expense 16,780 Salaries expense $ 830 12,720 2,380) 5,620 46,010 Telephone expense 780 7,360 Miscellaneous expenses 600 82,890 Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on December 1 was $0. ERNST CONSULTING Statement of Retained Earning Retained earnings, December 11 $ $