IE Exercise $1-20($Algo$)$: Preparing a balance sheet LO P$2$

On December $1,$ Jasmin Ernst organized Ernst Consulting. On December $3,$ the owner contributed $$84,780$ 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. Use this information to prepare a December balance sheet for the business.

$\backslash$table$[[$Cash$,$$$8,990,$Cash dividends,$],[$Accounts receivable,$16,540,$Consulting revenue,$$2,830$