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 $83,390 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 Land Office equipment Accounts payable Common stock $ 13,210 Cash dividends. 13,320 Consulting revenue $1,460 13,320 2,720 Rent expense 2,950 45,910 Salaries expense 6,290 17,350 Telephone expense- 830 7,970 Miscellaneous expenses 640 83,390 Using the above information prepare a December income statement for the business. Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement