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 Erst organized Ernst Consulting; on October 3, the owner contributed $84.000 in assets to 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 tas $0. Accounts receivable Office supplies Land office equipment Accounts payable $11,360 14,000 3,250 46.000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14.000 2.550 2,000 760 4,000 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement