Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retainec Earnings on December 1 was $0. Use the above information to prepare a December 31 balance sheet for Ernst Consulting [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributec $84,580 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. Jsing the above information prepare a December income statement for the business