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On December $1,$ Jasmin Ernst organized Ernst Consulting. On December $3,$ the owner contributed $$84,200$ 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

$$10,710$ Cash withdrawals by owner

$14,600$ Consulting revenue

$3,450$ Rent expense

$46,030$ Salaries expense

$18,170$ Telephone 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 owner's equity for Ernst Consulting. Hint. Jasmin Ernst, Capital on December $1$ was $$0.$

$\backslash$table$[[$ERNST CONSULTING$],[$Statement of Owner's Equity$],[$Jasmin Ernst, Capital, December $1,$$