Check my Required information [The following information applies to the questions displayed below. On October 1, Ebony Ernst organized Ernst Consulting: 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. Retained earnings, October 1 as $0. October 3, the owner contributed $83,540 on Cash $12,650 13,520 2,850 45,940 7,530 8,110 83,540 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $1,570 13,520 3,110 6,490 850 660 :00 Accounts receivable Office supplies Land office equipment Accounts payable Common stock Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet