I'm not sure what I'm doing wrong with these problems but it keeps saying that my answer is incomplete.

Part 1 of 4 Required information Use the following information for exercises 15 to 18 LO P2 [The following information applies to the questions displayed below.) 3.03 points On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,460 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 $ 6,650 19,000 4,640 46,000 19,560 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,490 19,000 4,920 8,500 890 700 9,890 85,460 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. X Answer is not complete. ERNST CONSULTING Income Statement Revenues Accounts payable Common Stock 700 9,890 85,460 Miscellaneous expenses Part 1 of 4 Exercise 1-15 Preparing an income statement LO P2 3.03 points Using the above information prepare an October income statement for the business. X Answer is not complete. ERNST CONSULTING Income Statement Revenues Consulting revenue $ 19,000 O $ 19,000 Total revenues Expenses Rent expense Miscellaneous expenses Salaries expense Telephone expense 4,920 700 8,500 890 0 0 Total expenses Net income 15,010 3,990 $ On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,460 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. Part 2 of 4 3.03 points Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock $ 6,650 Cash dividends 19,000 Consulting revenue 4,640 Rent expense 46,000 Salaries expense 19,560 Telephone expense 9,890 Miscellaneous expenses 85,460 $ 3,490 19,000 4,920 8,500 890 700 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. Answer is not complete. ERNST CONSULTING Statement of Retained Earnings S Retained earnings, Oct. 1 Add: Net income 3,990 3.990 (3,490) 500 Less: Dividends Retained earnings, Oct. 31 S company's records show the following items and amounts. Part 3 of 4 Cash $ 6,650 Cash dividends Accounts 19,000 Consulting revenue receivable Office supplies 4,640 Rent expense Land 46,000 Salaries expense Office 19,560 equipment Telephone expense Accounts Miscellaneous payable 9,890 expenses Common Stock 85,460 $ 3,490 19,000 4,920 8,500 890 3.03 points 700 Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. Answer is not complete. ERNST CONSULTING Balance Sheet Assets Liabilities Accounts payable $ $ 9,890 0 Cash Accounts receivable Office equipment Office supplies Land 6,650 19,000 19,560 4,640 46,000 Equity Common stock Retained earnings 85,460 500 0 85,960 95,850 0 $ 95,850 Total equity Total liabilities and equity Total assets $ Exercise 1-18 Preparing a statement of cash flows LO P2 Part 4 of 4 Also assume the following: 3.03 points a. The owner's initial investment consists of $39,460 cash and $46,000 in land in exchange for its common stock.. b. The company's $19,560 equipment purchase is paid in cash. c. The accounts payable balance of $9,890 consists of the $4,640 office supplies purchase and $5,250 in employee salaries yet to be paid. d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $19,000 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be indicated by a minus sign.) Answer is not complete. ERNST CONSULTING Statement of Cash Flows S Cash flows from operating activities Cash paid for miscellaneous expenses Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash received from customers (700) (3,250) (4,920) (890) 0 0 OC $ (9,760) Net cash used by operating activities Cash flows from investing activities 14 Required information USING une auve I ITTALION prepare all cover Salement UI LASI TIUVS TUI CITS Lonsuliny. Las outflows should be indicated by a minus sign.) Part 4 of 4 Answer is not complete. 3.03 points ERNST CONSULTING Statement of Cash Flows $ Cash flows from operating activities Cash paid for miscellaneous expenses Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash received from customers (700) (3,250) (4,920) (890) 00 0 __$ (9,760) Net cash used by operating activities Cash flows from investing activities Cash paid for office equipment (19,560) 0 (19,560) Net cash used by investing activities Cash flows from financing activities Cash investments from shareholders Cash dividends to shareholders 39,460 (3,490) 0 Net cash provided by financing activities Net increase in cash Cash balance, October 1 Cash balance, October 31 35,970 6,650 0 6,650 $