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 $$85,360$ 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

Accounts receivable

Office supplies

Office equipment

Land

Accounts payable

Common stock

$\backslash$table$[[$$$7,010,$Cash dividends,$$3,390$