- You received partial credit in the previous attempt. Required information [The following information applies to the questions displayed below.) On October 1. Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,780 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 Cash Accounts receivable office supplies Land office equipment Accounts payable Common Stock $ 8,990 16,500 3,930 45,980 18, 660 9, 170 84,780 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,830 16,500 4,300 7,740 850 670 Jsing the above information prepare an October income statement for the business. ERNST CONSULTING income Statement S Prev 2 3 4 5 Next > Using the above information prepare an October income statement for the business. 41,900 ERNST CONSULTING Income Statement As of October 31 Revenues Accounts receivable $ 16,500 Cash 8,900 Consulting revenue 16,500 Total revenues Expenses Office supplies 3,930 18,660 Office equipment 7,740 Salaries expense 670 Miscellaneous expenses Telephone expense Rent expenses Total evnonda 36.15 234 or Next >