Saved Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Part 3 of 3 On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 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. Help Cash Accounts receivable office supplies office equipment Land Accounts payable common stock $ 11,360 14,000 3,250 18,000 46,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $2,000 14,000 3,550 7,000 760 580 Exercise 1-20 (Static) Preparing a balance sheet LO P2 Use the above information to p