Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,310 in launch the business. On December 31 , the company's records show the following items and amounts. Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2 Using the above information prepare a December statement of owner's equity for Ernst Consulting December 1 was $0. Use the above information to prepare a December 31 balance sheet for Ernst Consulting. Exercise 1-21 (Algo) Preparing a statement of cash flows LO P2 Also assume the following: 0. The owner's inittal investment consists of $38,320 cash and $45,990 in land. b. The company's $18,310 equipment purchase is paid in cash. c. Cash paid to employees is $2.160. The accounts payable balance of $8/40 consists of the $3,550 office supplie $5.190 in employee salaries yet to be paid. d. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash. 0. No cash has yet been collecied on the $15,200 consulting revenue eamed. Using the above information prepare a December statement of cash flows for Ernst Consulting Note: Cosh ourflows should be indicoted by o minus sign. Statement of Cash Flows For Month Ended December 31