[The following information applies to the questions displayed below] On December 1, Jasmin Emst organized Emst 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. Ising the above information prepare a December statement of retained earnings for Ernst Consulting. Hint Retained Earnings on iecember 1 was $0. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ ERNST CONSULTING } \\ \hline Statement of Retained Earnings \\ \hline Retained earnings, December 1 & $ \\ \hline Add: Net income \\ Add: Dividends \\ Add: Net income \\ Add: Net loss & \\ \hline \end{tabular}