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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 Consulting revenue Rent expense 16,540 Accounts receivable office supplies. 16, 540 3,930 4,300 18,660 Salaries expense 7,740 office equipment Land 45,980 Telephone expense 850 670 Accounts payable Common stock 9,170 Miscellaneous expenses 84,780 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 0 $ $ 0