Help Save & E 3 Part 3 of 3 11 points 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 $85.160 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 $ 7,520 Cash dividends 17,950 Consulting revenue 4,310 Rent expense $3,190 17,950 4,720 Office equipment 19,190 Salaries expense 8,220 eBook Land 46,000 Telephone expense 900 Accounts payable Common stock 9,600 Miscellaneous expenses 85,160 710 Hint Ask Print References Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 0 $ 0 $ 0 Next Ch