Required information [The following information applies to the questions displayed below.] On October 1, Ebony Erst organized Ernst Consulting, on October 3, the owner contributed $84,310 in assets 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 Owner investments $10,200 14,310 3,550 45,990 18,310 8,740 84,310 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,340 14,310 3,910 7,350 790 610 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet