Requlred Information

$[$The following information applies to the questions displayed below.$]$

On December $1.$ Jasmin Ernst organized Ernst Consulting. On December $3,$ the owner contributed $$84,200$ in assets in exchange for its common stock to launch the business. On December $31,$ the company's records show the following item and amounts.

Cash

Accounts receivable

office supplies

office equipment

Land

Accounts payable

Common stock

$ $10,710$ Cash dividends

$18,170$ Rent expense

$46,630$ Salaries expense

$8,630$ Miscellaneous expenses

$84,200$

$$2,180$

$14,600$

$3,750$

$7,160$

$780$

$600$

Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings December $1$ was $$0.$

$\backslash$table$[[$ERNST CON SULTING$],[$Statement of Retained Earning$],[$Retained earnings, December $1,$$