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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

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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 $82,780 In assets to launch the business. On December 31, the company's records show the following items and amounts. canh $ 15,760 Cash withdravale by owner $ 640 Accounts receivable 12,590 Consulting revenue 12,590 office supplies 1,960 Rent expense 2,270 tand 46,030 Salaries expense 5,450 Ottice equipment 16,580 Telephone expense Accounts payable 7,250 Miscellaneous expenses 580 One investimenta 82,700 760 Using the above Information prepare a December income statement for the business ERNST CONSULTING Income Statement

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