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 $84,580 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 Accounts receivable Office Supplies $ 9,390 16,eee 3,830 45,980 18,550 9,060 84,580 Land Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,65e 16.ece 4.190 7.57 830 Office equipment Accounts payable Common Stock 65e Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet As of October 31 Assets Assets