Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84.920 in assets in exchange for its common stock to launch the business. On December 31, the company's records snow the following items and amounts. Cash Accounts receivable $8,450 16,950 4,080 Rent expense 18,860 Office supplies office equipment Land Accounts payable Common stock Cash dividends Consulting revenue Salaries expense 46,020 Telephone expense 9,280 Miscellaneous expenses 84,928 2.916 16,use 6.426 850 660