Required Information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Ernst Consulting; on October 3, the owner contributed $84,000 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 $11,368 14,888 3,250 46,888 18. eee 8,588 84,888 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $12,08 14,989 3,558 7,08 768 588 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings $ 0 0 07 Next >