Saved Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,000 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 $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash withdrawals by owner Consulting revenue Rent expense salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet For Month Ended October 31 Liabilities $ 11,360 Accounts payable Assets Cash Accounts receivable Office supplies Equity Land Emst, Capital Office equipment Owner investments