Cells highlighted in green contain a drop-down list, select the appropriate account/response from the list When the calculations for Total assets and Total liabilities \& equity are correct, the cell(s) will change to yellow On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business On October 31 , the companys records show the following items and amounts Using the above information ptepare an October 31 balance sheet for Emst Consulting Cells highlighted in green contain a drop-down list, select the appropriate account/response from the list. When the calculation for ending retained earnings is correct, the cell will change to yellow On October 1, Ebony Ernst organized Emst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31 , the company's records show the following items and amounts: Using the above information prepare an October statement of retained earnings for Emst Consulting On Odober 1, Ebony Ernst organired Ernst Consuting on Odober 3, the owner corthibuted 54,000 in assets in exchange for its common stock fa launch the business. On Odober 31 , the companys records show the followng terns and amounts: Asso assume the folowing a. The owner's intial investmert consksts of $38,000 cash and $45,000n tand in exchange for es common stock. b. The company $18,000 equipment purchase is pad a cart. c. The accounts papoble balance of $8,500 consects of the $3,250 offce supples purchase and $5,250 in employee salaries yet to be paid d. The company's rent, telephone, and miscelanoous erperses are paid in cash c. No cash has been collocted on the $14,000 consuling fees earned Using the above intormation prepare an Otober 31 statement of cash flows for Emst Consaling (Cash outhows should be indicated by a minus sign)