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 $82,890 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. the above information prepare a December statement of retained earnings for Consulting. Hint: Retained Earnings on December 1 was $0. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ ERNST CONSULTING } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earning } \\ \hline Retained earnings, December 1 & $ \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}