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 $83,390 in assets to launch the business. On October 31, the company's records show the following items and amounts. Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $13,21e 13,320 2.720 45,910 17.359 7,970 83.390 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 13,320 2,950 6,290 830 Using the above information prepare an October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner's Equity $ Emst. Capital, Oct. 1 Add Owner's investment Add Net income 0 83.390 Less Withdrawals by owner Ernst Capital Oct 31 83.390 1460 13210 5 DELL