Return to question On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 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. Cash Accounts receivable Office supplies $11.360 14.000 3,250 46.000 18,000 3.500 84,000 Cash dividends consulting revenue Rant expense salaries expense Telephone expense Wiscellaneous expenses $ 2,000 14,000 3.550 1.000 office equipment Accounts payable Common stock 580 Using the above information prepare an October statement of retained earnings for Ernst Consulting Answer is not complete, ERNST CONSULTING Statement of Retained Earnings For Month Ended October 31 Retained earnings, October 1 Add: Net Income 2.110 2.110 Less Dividends 2.000 Retained earnings. October 31 S