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 $84,310 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 $ 10,200 Cash withdrawals by owner 15,200 Consulting revenue 3,550 Rent expense $ 2,340 15,200 3,910 7,350 790 8,740 Miscellaneous expenses 610 45,990 Salaries expense 18,310 Telephone expense 84,310 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement