Exercise 1-15 Preparing an inco statement P2 On October I, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company's records show the following items and amounts. Use this information to prepare an October income statement for the business. Cash Accounts receivable Office supplies.... $11.360 14,000 3.250 Rent expense 3,550 Office equipment ...18,000 ....8,500 84,000 760 580 Check Net ncome, $2,110 Exercise 1-16 Preparing a statement of owner's equ Use the information in Exercise 1-15 to prepare an October statement of owner's equity for Ernst Consulting. Exercise 1-17 Preparing a balance heet P2 Use the information in Exercise 1-15 (if completed, you can also use prepare an October 31 balance sheet for Ernst Consulting. your solution to Exercise 1-16) to