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, 89 Cash withdrawals by owner $. 93 12,820 2, 53 5, 78 790 12,820 Consulting revenue 2,29 Rent expense 45,960 Salaries expense 16,9 Telephone expense 7,67 Miscellaneous expenses 83,010 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet