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 Accounts receivable office supplies Land $15,760 10,600 1,960 46,030 16,580 7,250 82,780 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 10.600 2.270 5,450 760 Office equipment Accounts payable Common Stock xercise 1-17 Preparing a balance sheet LO P2 sing the above information prepare an October 31 balance sheet for Ernst Consulting Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet $