Cash $ 12,040 Cash dividends $ 1,760 Accounts receivable 13,720 Consulting fees carned 13,720 Office supplies 2,990 Rent expense 3,210 Land 45,940 Salaries expense 6,690 Office equipment 17,710 Telephone expense 870 Accounts payable 8,230 Miscellaneous expenses 680 Common stock 83,660 Using the above information prepare an October income statement for the business ERNST CONSULTINO Income Statement