Required information [The following information applies to the questions displayed below) On October 1, Ebony Erst organized Emst Consulting; on October 3, the owner contributed $84,000 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 Accounts receivable office supplies $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $2,000 14,000 3,550 7,000 760 580 Land Office equipment Accounts payable Common stock sing the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings S Brou 14 Next 15 of 16 and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,880 3,550 7,090 760 580 Using the above information prepare an October statement of retained earnings for Ernst Com ERNST CONSULTING Statement of Retained Earnings