ernts capital on oct 31???

Required Information Part 2 of 4 Use the following information for exercise 15 to 18 LO P2 [The following Information applies to the questions displayed below.] 10 On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,220 In assets to launch points the business. On October 31, the company's records show the following Items and amounts. Cash $13, 840 Cash withdrawals by owner $ 1,280 Accounts receivable 13, 140 Consulting revenue 13, 140 Office supplies 2,530 Rent expense 2,770 Land 45,840 Salaries expense 6, 120 Office equipment 17, 200 Telephone expense 820 Accounts payable 7,810 Miscellaneous expenses 630 Owner investments 83, 220 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 Ernst Consulting * Answer is not complete. ERNST CONSULTING Statement of Owner's Equity For Month Ended October 31 Ernst, Capital, Oct. 1 0 Add: Owner's investment 83,220 Add: Net income 83.220 Less: Withdrawals by owner 1.280 Ernst, Capital, Oct. 31 Os 84.500 X