! Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,920 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. $ 8,450 Cash Cash dividends 2,930 17,000 4,420 7,900 Accounts receivable 17,000 4,080 46,020 18,860 9,280 84,920 Consulting revenue Rent expense Salaries expense office supplies Land Office equipment Accounts payable Common Stock Telephone expense Miscellaneous expenses 860 680 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings C Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet