Required information [The following information applies to the questions displayed below] On December 1. Jasmin Ernst organized Emst Consulting On December 3, the owner contributed $84.920 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 $ 8,450 Cash dividends 16,950 Consulting revenue, 4,000 Rent expense, 10,000 Salaries expense 46,020 Telephone expense 9,200 Miscellaneous expenses 84,920 $ 2,930 10,950 4,420 7,900 840 680 LS eBook Hint Print References Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement For Month Ended December 31 0