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 $82,890 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Cash dividends $ 15,140 -$830 Accounts receivable. 12,720 Consulting revenue 12,720 office supplies 2,110 Rent expense 2,380 office equipment Land 16,780 Salaries expense 5,620 46,010 Telephone expense 7801 Accounts payable Common stock 7,360 Miscellaneous expenses 600 82,890