On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,470 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash $ 9,750 Cash withdrawals by owner $ 2,530 Accounts receivable 15, 620 Consulting revenue 15, 620 Office supplies 3, 710 Rent expense 4,970 Land 45,970 Salaries expense 7,450 Office equipment 18, 450 Telephone expense 810 Accounts payable 8,900 Miscellaneous expenses 630 Owner investments 84,470Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet