Use the following information for exercise 18 to 21 LO P2 (Algo) [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $84,200 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 $10,710 Cash dividends $ 2,180 Accounts receivable 14,600 Consulting revenue 14,600 Office supplies 3,450 Rent expense 3,750 Land 46,030 Salaries expense 7,160 Office equipment 18,170 Telephone expense 780 Accounts payable 8,630 Miscellaneous expenses 600 Common stock 84,200