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 $85,160 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 Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock $ 7,520 Cash dividends $ 3,190 18,000 4,720 8,220 900 710 18,000 Consulting revenue 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone expense 9,600 Miscellaneous expenses 85,160 sing the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet