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On October $1,$ Ebony Ernst organized Ernst Consulting; on October $3,$ the owner contributed $$83,010$ in assets in exchange for its common stock to launch the business. On October $31,$ the company's records show the following items and amounts. Retained earnings, October $1$ as $$0.$

$\backslash$table$[[,,,],[$Cash$,$$$14,890,$Cash dividends,$930],[$Accounts receivable,$12,820,$Consulting revenue,$12,820],[$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,$83,010,,]]$

Using the above information prepare an October income statement for the business.

ERNST CONSULTING

Income Statement