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 $83,390 in assets to launch 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 $ 13, 210 Cash withdrawals by owner 13,320 Consulting revenue 2,720 Rent expense 45,910 Salaries expense 17,350 Telephone expense 7,970 Miscellaneous expenses 83,390 $ 1,460 13,320 2,950 6,290 830 640 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