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 $83,220 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 $ 13,840 Cash dividends 13,140 Consulting revenue 2,530 Rent expense 17,200 45,840 Telephone expense Salaries expense 7,810 Miscellaneous expenses 83,220 $ 1,280 13,140 2,770 6,120 820 630 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement For Month Ended December 31 Revenues Consulting revenue Total revenues Expenses $ 13,140 Rent expense 2,770 Salaries expense 6,120 Telephone expense 820 Miscellaneous expenses 630 Total expenses $ 13,140 10,340