On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,650 in assets to launch the business. On October 31, the company's records show the following items and amounts.

Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,650 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $15, 200 Cash withdrawals by owner $ 460 Accounts receivable 12, 410 Consulting revenue 12, 410 Office supplies 1, 770 Rent expense 2, 140 Land 46, 080 Salaries expense 5, 300 Office equipment 16, 450 Telephone expense 750 Accounts payable 6, 060 Miscellaneous expenses 560 Owner investments 82, 650 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement