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 $$82,780in$ assets $in$

exchange for its common stock $to$ launch the business. $On$ December $31,$ the company's records show the following items

and amounts.

Exercise $1-18(Algo)$ Preparing $an$ income statement $LOP2$

Using the above information prepare a December income statement for the business.