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 $84,920 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following its and amounts. 2,930 17,000 4,420 7,900 8,450 Cash dividends 17,000 Consulting revenue 4,088 Rent expense 46,820 Salaries expense 18,860 Telephone expense 9,280 Miscellaneous expenses 84,928 Cash Accounts receivable Office supplies Land Office equipment Accounts payable 860 680 Common Stock 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 Prey 3 of 3E Score ans o search