On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,780 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 $ 15,760 Cash dividends $ 640 Accounts receivable 12,590 Consulting revenue 12,590 Office supplies 1,960 Rent expense 2,270 Office equipment Land Accounts payable Common stock 46,030 Telephone expense 7,250 82,780 16,580 Salaries expense 5,450 760 Miscellaneous expenses 580 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement 0