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 to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $14,899 12,828 2,299 45,960 16,909 7,670 83,019 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 930 12,820 2,530 5,780 799 610 Using the above Information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet