! 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 $82,650 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. Cash $ 460 Cash dividends Consulting revenue Accounts receivable. 10,000 $15, 200 10,000 1,770 46, 080 16, 450 Office supplies Land Rent expense Salaries expense 2, 140 5, 300 750 Telephone expense Office equipment Accounts payable Common Stock Miscellaneous expenses 560 6, 060 82, 650 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings For Month Ended October 31 $ 0 0