Homework 0 Saved Help Sa Tine Following informaton appnes to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 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. $ 7,010 18,350 4,480 46,040 19,360 9,740 85,360 Accounts receivable Office Supplies Land office equipment Accounts payable Common stock Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,359 4,820 8,370 910 720 onces Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the busines ERNST CONSULTING Income Statement