answer choices for the left side are 1. Accounts payable 2. accounts receivable 3. Cash 4. cash dividends. The very first box ONLY on the left the choices are 1. assets 2.liabilities 3. Equity 4. Revenues

Required information (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 income statement for the business