[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets to launch the business. On December 31, the company's records show the following items and amounts. Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business. [The following information applies to the questions displayed below] On December 1. Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $84,920 in assets to launch the business. On December 31, the company's records show the following items and amounts. Exercise 1-18 (Algo) Preparing an income statement LOP2 Using the above information prepare a December income statement for the business