! Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,780 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable $ 15,760 Cash withdrawals by owner 12,590 1,960 Rent expense 46,030 Consulting revenue Salaries expense 16,580 Telephone expense Miscellaneous expenses 7,250 $ 640 12,590 2,270 5,450 760 580 Owner investments 82,780 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement 0