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 $84,310 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$10,200,Cash dividends$2,340, Accounts receivable 15,200,Consulting revenue15,200,

Office supplies3,550,Rent expense3,910, Land45,990,Salaries expense7,350, Office equipment18,310,Telephone expense790, Accounts payable8,740,Miscellaneous expenses610, Common stock84,310

Using the above information prepare an October income statement for the business.