Required information [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies $ 6,300 1,200 2,100 Equipment 15,200 Accounts Payable 6,600 Hawkin, Capital, December 1 15,200 Hawkin, Withdrawals 2,200 Services Revenue. 16,600 Wages Expense 8,000 Rent Expense 2,100 Utilities Expense 1,300 Revenues HAWKIN Income Statement For Month Ended December 31 Expenses Total expenses [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,160 in assets to launch the business. On December 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $7,520 Cash withdrawals by owner 17,950 Consulting revenue 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone expense 9,600 Miscellaneous expenses. 85,160 $3,190 17,950 4,720 8,220 900 710 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement