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 $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts. $ 11,360 Cash withdrawals by owner 14,000 Consulting revenue 3,250 Rent expense Cash Accounts receivable Office supplies Land Office equipment 18,000 Accounts payable Owner investments 46,000 Salaries expense Telephone expense 8,500 Miscellaneous expenses 84,000 $ 2,000 14,000 3,550 7,000 760 580 Using the above information prepare a December income statement for the business. Assets Liabilities Equity Revenues ERNST CONSULTING Income Statement 0