Required information The following information applies to the question displayed next) On October 1, Ebony Ernst established Ernst Consulting (a sole proprietorship) on October 3, the owner contributed $83,660 as cash investment 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 $12,040 Cash withdrawals by owner $ 1,760 13,720 Consulting revenue 13,720 2,990 Rent expense 3,210 45,940 Salaries expense 6,690 17,710 Telephone expense 8,230 Miscellaneous expenses 680 83,660 870 Using the above information prepare an October statement of changes in equity for Ernst Consulting ERNST CONSULTING Statement of Changes in Equity $ 0