Required information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below.] On December 1. Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets to launch the business. On December 31 , the company's records show the following items and amounts. Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2 Using the above information prepare a December statement of owner's equity for Emst Consulting. Hint. Jasmin Ernst, Capital on December 1 was $0