On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,110 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $ 14,550 Cash withdrawals by owner 12,940 Consulting revenue 2,400 Rent expense 45,860 Salaries expense 17,020 Telephone expense 7,820 Miscellaneous expenses 83,110 $ 1,120 12,940 2,640 5,920 800 620 sing the above information prepare & December income statement for the business ERNST CONSULTING Income Statement Owner investments 0 [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,110 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies. Land Office equipment Accounts payable $ 14,550 Cash withdrawals by owner 12,940 Consulting revenue 2,400 Rent expense 45,860 Salaries expense 17.020 Telephone expense 20 Miscellaneous expenses $ 1,120 12,940 2,640 5,920 800 620 Owner investments 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 11 $ $