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Required information [The following information applies to the questions displayed below] On December 1, Jasmin...

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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 $82,650 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. Ising the above information prepare a December statement of retained earnings for Ernst Consulting. Hint Retained Earnings on December 1 was $0

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