displayed below) On October 1 Ebony Ernst organized Emst Consulting, on October 3, the owner contributed $83,540 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $12,650 13,52e 2,85e 45,940 17,530 8,119 83,540 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,570 13,520 3,110 6.490 85e - 660 Exercise 1-16 Preparing a statement of owner's equity LO P2 Using the above information prepare an October statement of owner's equity for Erst Consulting. ERNST CONSULTING Statement of Owner's Equity $ 0