Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 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 ottice supplies Land office equipment accounts payable Common stock $ 7,520 17,950 4,310 46,000 19,190 9.600 85,160 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,190 17,950 4.720 8.220 900 710 ferences Exercise 1-17 Preparing a balance sheet LO P2 Part 3 of 4 Using the above information prepare an October 31 balance sheet for Ernst Consulting. 10 points ERNST CONSULTING Balance Sheet eBook Hint Print 0 References 0 $ 0 $