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 $83,110 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land Office equipment Accounts payable Owner investments $ 14,550 Cash withdrawals by owner 12,940 Consulting revenue 2,400 Rent expense 45,860 Salaries expense 17,020 Telephone expense 7,820 Miscellaneous expenses 83, 110 $ 1,120 12,940 2,640 5,920 800 620 ercise 1-18 (Algo) Preparing an income statement LO P2 ng the above information prepare a December income statement for the business. CTCONSULTING Exercise 1-18 (Algo) Preparing an income statement LO P2 Part 1 of 3 Using the above information prepare a December income statement for the business. ERNST CONSULTING 0.33 polnts Income Statement 8 01:09-25 eBook Hint References