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 $82.890 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. 330 Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $15,140 12,720 2,110 46,010 16,78 2,360 32.90 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 12,720 2,380 5,620 780 600 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