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 $ 15,140 Accounts receivable 12,720 Cash dividends Consulting revenue $830 12,720 Office supplies 2,110 Rent expense 2,380 office equipment Land Accounts payable Common stock 82,890 16,780 Salaries expense 5,620 46,010 Telephone expense 780 7,360 Miscellaneous expenses 600