$[$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 companys records show the following items and amounts.Cash$ $11,360$Cash dividends$ $2,000$Accounts receivable$14,000$Consulting revenue$14,000$Office supplies$3,250$Rent expense$3,550$Office equipment$18,000$Salaries expense$7,000$Land$46,000$Telephone expense$760$Accounts payable$8,500$Miscellaneous expenses$580$Common stock$84,000$ Using the above information prepare a December income statement for the business