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 $84,580 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 Land Office equipment Accounts payable Common stock $ 9, 390 16,020 3,830 45,980 18,550 9,960 84,580 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 5 2,658 16,020 4,190 7,570 830 650 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet