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 $15, 200 10, 000 1,770 Accounts receivable. Office supplies Land Cash dividends Consulting revenue Rent expense 10,000 2, 140 Salaries expense 5, 300 46, 080 16,450 Telephone expense Office equipment Accounts payable Common Stock 750 560 Miscellaneous expenses 6, 060 82, 650 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 0 $