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 $84,310 in assets to 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 $10,200 14,319 3,550 45,990 18,310 8,740 84,310 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,340 14,310 3,910 7,350 790 610 ces Exercise 1-16 Preparing a statement of owner's equity LO P2 Exercise 1-16 Preparing a statement of owner's equity LO P2 Using the above information prepare an October statement of owner's equity for Ernst Consulting. ERNST CONSULTING Statement of Owner's Equity $ 0 0 ces Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 S 0 5 e to search o