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 $15,200 Cash dividends $ 460 10,000 2,140 5,300 750 560 10,000 Consulting revenue offi Land 1,770 Rent expense 16,450 Telephone expense 6,060 Miscellaneous expenses n Stock 82,650 Using the above information prepare an October income statement for the business ERNST CONSULTING