On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,310 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 $10,200 14,310 3,550 45,990 18,319 8,740 84,310 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,340 14,310 3,910 7, 35e 799 610 Using the above information prepare an October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner's Equity For Month Ended October 31 Consulting fees eamed $ 0 3 Saved Help Save & Exit Submit a. Lita Lopez invested $70,000 cash and office equipment valued at $10,000 in the company b. The company purchased an office suite for $10,000 cash c. The company purchased office equipment for $15,000 cash d. The company purchased $1.200 of office supplies and $1700 of office equipment on credit e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening f. The company completed a financial plan for a client and billed that client $2.800 for the service, g. The company designed a financial plan for another client and immediately collected a $1.000 cash fee. h. Lita Lopez withdrew $3,275 cash from the company for personal use. 1. The company received $1,800 cash as partial payment from the client described in transaction / J. The company made a partial payment of $700 cash on the equipment purchased in transaction d k. The company paid $1,800 cash for the office secretary's wages for this period Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Reductions in account balances should be indicated with a minus sign.) Cash Accounts Receivable Assets Office Supplies Office Equipment Liabilities Accounts Payable Equity L Lopez Revenues Withdrawals L.Lopez. Capital Office Suite + + + b Bal + - Bal