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 Emst Consulting. On December 3, the owner contributed $83,220 in assets to launch the business. On December 31, the company's records show the following items and amounts Cash Accounts receivable 13,840 Cash withdrawals by owner 13,140 Consulting revenue 2,530 Rent expense 45,840 Salaries expense $1,200 13,140 2,770 6,120 820 Accounts payable Owner investments 7,810 Miscellaneous expenses 63,220 630 office supplies Land office equipment 17,200 Telephone expense 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 Ernst Consulting. Hint J. Emst, Capital on December 1 was $0. ERNST CONSULTING Statement of Owner's Equity For Month Ended December 31 J. Emst, Capital, December 11 $ 0 $ 0