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 $83,850 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 Accounts receivable $11,580 14,000 Cash dividends Consulting revenue $1,890 14,000 office supplies 3,140 Rent expense 3,390 Land 46,000 Salaries expense 6,860 office equipment 17,820 Telephone expense 880 Accounts payable 8,400 Miscellaneous expense 690 Common Stock 83,850 Using the above information prepare an October income statement for the business ERNST CONSULTING Income Statement