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 $84,780 in assets in exchange for its common stock to lounch the business. On December 31, the company's records show the following items and amounts: Ising the above information prepare a December statement of retained earnings for Ernst Consulting. Hint Retained Earnings on ecember 1 was $0