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Ded OOK int Nint 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 $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. Cash $ 2,830 $ 8,990 Cash dividends 16,540 Consulting revenue 3,930 Rent expense Accounts receivable office supplies 16,540 4,300 office equipment Land 18,660 Salaries expense 7,740 45,900 Telephone expense 850 Accounts payable Common stock 670 9,170 Miscellaneous expenses 84,780 Using the above informatin Using the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on December 1 was $0. ERNST CONSULTING Statement of Retained Earning Retained eamings, December 1 S 0 S 0