Required information Use the following information for exercises 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 $83,010 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. Cash $14,890 Cash dividends $ 930 Accounts receivable 11,000 Consulting revenue 11,000 Office supplies 2,290 Rent expense 2,530 Land 45,960 Salaries expense 5,780 office equipment 16,900 Telephone expense 790 Accounts payable 7,670 Miscellaneous expenses 610 Common Stock 83,010 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. Study Mode: Chapter 1 HW Saved 5 Part 1 of 2 Required information Using the above information prepare an October income statement for the business. 10 points Skipped eBook Hint Print References ERNST CONSULTING Income Statement. 0 6 Required information Use the following information for exercises 15 to 18 LO P2 [The following information applies to the questions displayed below.) Part 2 of 2 10 points On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 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. Cash $14,890 Cash dividends $ 930 Accounts receivable 11,000 Consulting revenue 11,000 office supplies) 2,290 Rent expense 2,530 Land 45,960 Salaries expense 5,780 ellook office equipment 16,900 Telephone expense 790 Accounts payable 7.670 Miscellaneous expenses 610 Common Stock 83,010 Hint Print References 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. ERNST CONSULTING Statement of Retained Earnings $ 0