Required information Use the following information for exercise 18 to 21 LO P2 (Algo) [The following information applies to the questions displayed below) On December 1, Jasmin Ernst organized Ernst Consulting: on December 3, the owner contributed $84,580 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following item and amounts $ 2,650 16,020 4,190 Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $ 9,390 16,020 3,830 45,980 18,550 9,060 84,530 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 1.570 830 650 ces Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December Income statement for the business. ERNST CONSULTING Income Statement Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business ERNST CONSULTING Income Statement a