Required Problem Solving Assignment - Chapter 1 3 Part of Required information Use the following Information for exercise 15 to 18 LO P2 The following information applies to the questions displayed below) On October 1, Ebony Erst organized Ernst Consulting: on October 3. the owner contributed $82.650 in assets to launch the business. On October 31, the company's records show the following items and amounts 10 DO sed Cash Accounts receivable Orice supplies Land Office equipment Accounts payable Owner Investments $15,20 Cash withos by owner 12,410 Consulting revenue 1,770 46.00 Salaries expense 16,450 Telephone per 6,06 Miscellaneous expenses $2,650 12,410 2.140 5.000 750 50 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