On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,460 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts. Cash $ 6,650 Cash dividends $ 3,490 Accounts receivable 18,650 Consulting revenue 18,650 Office supplies 4,640 Rent expense 4,920 Office equipment 19,560 Salaries expense 8,500 Land 46,000 Telephone expense 890 Accounts payable 9,890 Miscellaneous expenses 700 Common stock 85,460 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. Can you help fill out the balance sheet?