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 $82,780 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 $15,760 Cash dividends 640 Accounts receivable 10,600 Office supplies Land Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 10,600 2,270 5,450 1,960 46,030 16,580 office equipment Accounts payable Common Stock 760 7,250 580 82,780 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings $ 0 0