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 $84,580 in as launch the business. On December 31, the company's records show the following items and amounts. $ 9,390 Cash withdrawals by owner 16,020 Consulting revenue 3,830 Rent expense Cash Accounts receivable Office supplies Land 45,980 Salaries expense Office equipment 18,550 Telephone expense Accounts payable 9,060 Miscellaneous expenses $ 2,650 16,020 4,190 7,570 830 650 Owner investments 84,580 Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 $ $ 0