1-18, 19, 20 Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl Required information 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 $84,470 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 $9,750 Cash dividends 15,620 Consulting revenue 3,710 Rent expense 18,450 Salaries expense 45,978 Telephone expense 8,900 Miscellaneous expenses 84,478 Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income staterpent for the business Answer is not complete. ERNST CONSULTING Income Statement $ 2,538 15,628 4,070 7,450 828 638 * " N go " $ 54 #3 B: LL E R D LL F 95 % Prev 2 3 Next >> MacBook Air 96 00 DE DO " " F10 8 &7 T Y U G H 88 - 6 1 0 0 P