Chapter How 3 Required information The following information applies to the questions stayed below! On October Ebony Ernst organized Ernst Consulting on October 3, the owner contributed 58.3.10 in sets in exchange for its common stock to launch the business On October 11, the company's records show the following tems and amounts Retained earnings. October 150 1 Account receive Orielles Land Orice out Accounts $14,552 13.00 2,400 55,860 17,020 7,620 Cash diviends Consulting Rent expense Salaries expense Telephone expense 1.1.1 12.40 2,640 5,90 Using the above information prepare on October income statement for the business H- ERNST CONSULTING Type here to a 3 5 6 HE