Check my On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85160 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. Part 2 of 4 Cash Accounts receivable office asupplies Land Office equipment Accounts payable Common Stock $ 7,520 Cash dividends 3,190 18,000 4,720 8,220 900 710 18,000 Consulting revenue 10 points 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone expense 9,600 Miscellaneous expenses 85,160 eBook Hint Print References Using the above information prepare an October statement of retained earnings for Ermst Consulting ERNST CONSULTING Statement of Retained Earnings For Month Ended October 31 Retained earnings, Oct. 1