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 $83,660 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. 4 Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $12,040 13,720 2,990 45,940 17,710 8,230 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210 6,690 870 680 Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting. Screen Shot Screen Shot 2020-10...0.04 PM 2020-10...51.15 PM Lalu Office equipment Accounts payable Common stock 45,9LU 17,710 8,230 83,660 Salaries expense Telephone expense Miscellaneous expenses 6,690 870 680 Part 2 of 4 1.19 points Exercise 1-16 Preparing a statement of retained earnings LO P2 Skipped Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings $ 6 5 of 7 !!! Me Graw Hill Screen Shot Screen She 2020-10...0.04 PM 2020-10...51.1 EPIC 0 Y A BARE