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Required information Use the following information for the Exercises below. (Algo) [The...

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Accounting

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 $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.
Exercise 1-18(Algo) Preparing an income statement LO P2
Using the above information prepare a December income statement for the business.
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