On October 1. Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 in Exercise 1-15 assets to launch the business. On October 31, the company's records show the following items and Proparing an incomo amounts. Use this information to prepare an October income statement for the business. statement P2 Cash... $11,360 Cash withdrawals by owner.... $ 2,000 Accounts receivable 14,000 Consulting revenue 14,000 Office supphos 3.250 Rent expense. 3.550 Land 46,000 Salartes expense. 7.000 Office equipment 18,000 Telephone expense. 760 Accounts payablo. 8,500 Miscellaneous exponses. 580 Owner Investments. 84,000 Check Net Income $2,110 Use the information in Exercise 1-15 to prepare an October statement of owner's equity for Ernst Exercise 1-16 Consulting. Preparing a statement of owner's oquity P2 32 Chapter 1 Accounting in Business Exercise 1-17 Preparing a balance sheet P2 Use the information in Exercise 1-15 to prepare an October 31 balance sheet for Ernst Consulting. Hint: The solution to Exercise 1-16 can help