! Required information S L [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,220 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 Accounts receivable $ 13,840 Cash dividends Consulting revenue 13,140 Office supplies 2,530 Rent expense Office equipment 17,200 Salaries expense Land 45,840 Telephone expense Accounts payable 7,810 Miscellaneous expenses Common stock 83,220 $ 1,280 13,140 2,770 6,120 820 630 Using the above information prepare a December income statement for the business. Assets Liabilities Equity Revenues ERNST CONSULTING Income Statement For Month Ended December 31 < Prev 7