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 $85,160 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. Retained earnings. October 1 as $0. Cash 57,520 Cash dividends $3,190 Accounts receivable 17,950 Consulting revenue 17,950 office supplies 4,310 Rent expense 4,720 Land 46,000 Salaries expense 0,220 office equipment 19,190 Telephone expense 900 Accounts payable 9.600 Miscellaneous expenses 710 Common stock 85,160