Estats Center Smoln-Sionon balice ESP 01 Exercises Part 20 Saved 7 Use the following information for exercises 15 to 18 LO P2 The following Information applies to the questions displayed below.) On October 1, Ebony Erst organized Ernst Consulting, on October 3, the owner contributed $84,000 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. + 2 of 3 ts Cash Accounts receivable office supplies Land Office equipment Accounts payable Common Stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14.ee 3,550 7,000 760 580 ook Hint Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting. erences ERNST CONSULTING Statement of Retained Earnings 0