Part 4 of 4 5 points Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting On December 3, the owner contributed $85,050 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 Book Hint Ap office equipment Land Accounts receivable office supplies $7.950 Cash dividends 17,450 Consulting revenue 4,200 Rent expense $3,070 17,450 4,530 19,000 Salaries expense 3,090 46,010 Telephone expense 330 Accounts payable Common stock 9,430 Miscellaneous expenses 85,050 600