Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,660 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 $12,040 13, 720 2,990 45, 940 17,710 8,230 83,660 Cash withdrawals by owner 5 1,760 Consulting revenue 13, 720 Rent expense 3, 210 Salaries expense 6,690 Telephone expense 870 Miscellaneous expenses 680 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