Use the following information for exercises 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 $82.780 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 640 Cash dividends Consulting revenue Rent expense Salariks expense Telephone expense Miscellaneous expenses Cash Accounts receivable office supplies Land office equipment Accounts payable Common Stock $15,760 10,600 1,960 46,030 16,580 7,250 82,780 10,600 2,270 5,450 760 580 Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting. Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings 0 0