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ent Saved Help Save C 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 $83,390 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $13,218 13,320 2,720 45,910 17,350 7,970 83,390 Cash withdraals by ouner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $1,460 Accounts receivable office supplles 13,320 2,950 6,290 Land office equipment Accounts payable Ouner investments 830 640 Also assume the following a. The owner's initial Investment consists of $37480 cash and $45,910 in land. b. The company's $17,350 equipment purchase is paid in cash. c. The accounts payable balance of $7,970 consists of the $2,720 office supplies purchase and $5.250 in employee salaries yet to paid d. The company's rent, telephone, and miscellaneous expenses are paid in cash e. No cash has been collected on the $13,320 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Emst Consulting. (Cash outflows should be indiceted by a minus sign.) ERNST CON SULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activites Cash received trom customers Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash paid for macellaneous expenses 25 of 25

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