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Required informotion [The followitg informstion opplies to the questions displdyed below] On December 1. Jasmin Enst orgenized Ernst Consulting. On December 3, the owner contributed 584,920 in ossets in exchonge for its common stock to lounch the tusiness On December 31, the companys records show the following items ond amounts Using the above information prepare o December statement of retained earnings for Emat Consuting Hint Remeined Eamings an Decembet 1 was so Required information The following intoriviotion opples to the auestions dispioyed below) exchsonge for is common stock ib launch the butiness On December at the compery/s recotes show she foliowng kems and smounts Use the above nformation to prepwe o December 31 baiance sheet for fmucontiung Required informstion and ameurts Alse ashame the folowing a. The owners intiol investment cohusts of $38.000 cash and 545020 in land in kechange for ito common ztock b. The companys 511860 equpment purchose is pola in cosh $5.200 in employet salanes yet to be poid d. The componys rent expenta, telephone expenke, and miscelibreous erpentues ave pad in cash e. No cash has yet been colected on the $16,950 consultng revenue eamed Using the sogve inlormmon prepare a Decembeti utotement of cosh nows for Einat Consulting. Note: Cash outfiom should be indicated by a minus sign: Required informbtion The following information applies to the cuestions diaploynd below) On December 1 Insmin Enst arganized Enst Consulung. On Dectmber 3 . the owner contributed 594920 in assets in exchenge for its common stock to leunth the butiness. On December 31 , she companys records show the fotowing itemi and anounts. Using the above Wformation preosere secember income statement for she butinest

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