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Required information [ The fallowing information applies to the questions displayed below ] On December 1 , Jasmin Ernst organized Einst Consulting. On December 3

Required information
[The fallowing information applies to the questions displayed below]
On December 1, Jasmin Ernst organized Einst Consulting. On December 3, the owner contributed $82,650 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Cash
Accounts recevable
office supplies
Land
office equipnent
Accounts payable
Owner investments
$ 15,289 Cash withdrawals by owner
12,410 Consulting revenue
1,770 Rent expense
46,088 Salaries expense
16,450 Telephone experse
6,669 Miscellanaous Expenses
Using the above information prepare a December income statement for the business.
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