[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,850 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. Cash Accounts receivable Office supplies office equipment Land Accounts payable Common stock $ 11,580 Cash dividends 13,860 3,140 ERNST CONSULTING Statement of Retained Earning As of December 31 Consulting revenue Rent expense 17,820 Salaries expense 46,000 Telephone expense 8,400 Miscellaneous expenses 83,850 Using the above information prepare a December statement of retained earnings for Ernst Consulting Hint: Retained Earnings on December 1 was $0. X Answer is complete but not entirely correct. Retained earnings, December 1 $ 1,890 13,860 3,390 6,860 880 690 0

[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,850 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. Using the above information prepare a December statement of retained earnings for Ernst Consulting Hint: Retained Earnings on December 1 was \$0. Answer is complete but not entirly correct