! 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 $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. Cash Accounts receivable Office supplies office equipment Land Accounts payable Common stock $ 13,210 Cash dividends 13,320 2,720 17,350 Salaries expense Consulting revenue Rent expense 45,910 Telephone expense 7,970 Miscellaneous expenses 83,390 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement $ 1,460 13,320 2,950 6,290 830 640

Required information The following information applies to the questions displayed below? On December 1, Jasmin Emst organized Emst Consulting. 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. Using the above information prepare a December income statement for the business