On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,200 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 $ 10,710 Cash withdrawals by owner 14,600 Consulting revenue 3,450 Rent expense 46,030 Salaries expense 18,170 Telephone expense 8,630 Miscellaneous expenses 84,200 $2,180 14,600 3,750 7,160 780 600 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet For Month Ended December 31 Cash Office supplies Office equipment Office supplies Accounts payable J. Emst, Capital Assets Accounts payable Office supplies J. Ernst, Capital Liabilities