Paragraph Styles On October 1, Ebony Erst organized Ernst Consulting, on October 3, the owner contributed $83,220 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. Cash $13,840 Accounts receivable 13, 140 Office supplies 2,530 Land 45,840 office equipment 17, 200 Accounts payable 7,810 Common stock 83,220 Cash dividends $ 1,280 Consulting revenue 13,140 Rent expense 2,770 salaries expense 6,120 Telephone expense 820 Miscellaneous expenses 630 1. Using the above information prepare an October income statement for the business. 2. Using the above information prepare an October statement of retained earnings for Ernst Consulting. 3. Using the above information prepare an October 31 balance sheet for Ernst Consulting Cht) ALIENWAR