Required information Use the following information for exercise 15 to 18 LO LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner conta exchange for its common stock to launch the business. On October 31, the company's items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $ 8,990 16,540 3,930 45,980 18,660 9,170 84,780 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,830 16,540 4,300 7,740 850 670 Exercise 1-15 Preparing an income statement LO P2 rch o vork Saved Required information ERNST CONSULTING Income Statement For Month Ended October 31 Revenues Cash $ 8.990 Total revenues $ 8,990 0