On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,660 in assets to launch the business. On October 31, the company's records show the following items and amounts.

[The following information applies to the questions displayed below] Cash $12,040 Cash withdrawals by owner 5 1,760 Accounts receivable 13,720 Consulting revenue 13,720 Office supplies 2,990 Rent expense 3,210 Land 45,940 Salaries expense 6,690 Office equipment 17,710 Telephone expense 370 Accounts payable 8,230 Miscellaneous expenses 680 Owner investments 83,660 Using the above information prepare an October 31 balance sheet for Ernst Consulting