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 $83,010 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 $14,890 Cash dividends $ 930 Accounts receivable 11,000 Consulting revenue 11,000 Office supplies 2,290 Rent expense 2,530 Land 45,960 Salaries expense 5,780 office equipment 16,900 Telephone expense 790 Accounts payable 7,670 Miscellaneous expenses 610 Common Stock 83,010 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 10 $ 0