[The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,360 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 $ 7,010 Cash withdrawals by owner $ 3,390 15,360 4,820 8,370 910 720 15,360 Consulting fees earned Rent expense Salaries expense Telephone expense 4,480 46,040 19,360 9,740Miscellaneous expenses 85,360 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement Using the above information prepare an October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner's Equity Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet