Required information (The following informabion applies to the questions displayed below) exchange for its common stock to launch the business. On December 31 , the company's iecords shiow the following ifems and amounts. Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint. Retained Earnings on December 1 was $0. Required information [The following information applies to the questions displayed below] On December 1, Jasmin Emst organized Ernst Consuiting. On December 3, the owner contributed $83,390 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. Use the above information to prepare a December 31 balance sheet for Ernst Consulting Required information [The following information applies to the questions displayed befow] On December 1, Jasmin Ernst organized Emst Consulting. On December 3, the owner contributed 583,390 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 Jsing the above information prepare a December income statement for the business