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 $$84,580$ in assets to launch the business. On December $31,$ the company$$s records show the following items and amounts.

Cash $ $9,390$ Cash withdrawals by owner $ $2,650$

Accounts receivable $16,020$ Consulting revenue $16,020$

Office supplies $3,830$ Rent expense $4,190$

Land $45,980$ Salaries expense $7,570$

Office equipment $18,550$ Telephone expense $830$

Accounts payable $9,060$ Miscellaneous expenses $650$

Owner investments $84,580$

Using the above information prepare a December income statement for the business.