Required information [The following information applies to the questions displayed below. On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contrit exchange for its common stock to launch the business. On October 31, the company's and amounts. Cash Accounts receivable office supplies Land office equipment Accounts payable Common Stock $ 8,450 17,000 4,080 46,020 18,860 9, 280 84,920 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,930 17,000 4,420 7,900 860 680 Using the above information prepare an October statement of retained earnings for Ernst Consult ERNST CONSULTING Statement of Retained Earnings $ 0 0