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Required information Use the following information for the Exercises below. ( Static ) [ The following information applies to the questions displayed below. ] On

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Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 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.
\table[[Cash,$11,360,Cash dividends,$2,00
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