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 $83,110 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $ 14,550 Cash withdrawals by owner $ 1,120 Accounts receivable 12,940 Consulting revenue 12,940 Office supplies Land Office equipment 2,400 Rent expense 2,640 45,860 Salaries expense 5,920 17,020 Telephone expense 800 Accounts payable Owner investments 7,820 Miscellaneous expenses 83,110 Using the above information prepare an October income statement for the business. 620 ERNST CONSULTING Income Statement 0