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 $82,650 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 $ 15,200 Cash withdrawals by owner 12,419 Consulting revenue 1,770 Rent expense 46,080 Salaries expense 16,458 Telephone expense 6,060 Miscellaneous expenses 82,656 460 12,410 2,140 5,300 750 560 Using the above information prepare an October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner's Equity $ Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet