[The following information applies to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,010 in assets in excha 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. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $14,890 12,320 2,290 45,960 16,900 7,670 83,010 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 93e 12,820 2,530 5,780 790 610 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 W 0 Prav 1 2 3 of 3 Next >