a. The owner's intial investrient consists of $37,250 cash and $45,860 in land in exchange for its common stock. b. The company's $17,020 equipmeot purchase is pald in cash c. Cash pald to employees is $500. The accounts payable baiance of $7,820 consists of the $2,400 office supplies purchase and $5.420 in employee salaries yet to be paid d. The company's rent exponse, telephone expense, and miscelianeous expenses are paid in cash e. No cosh has yet been collected on the $12,940 consulting revenue earned. Using the above information prepare a December statement of cast flows for Enst Consuting Note: Cash outfiows should be indicated by a minus sign. a. The owner's intial investrient consists of $37,250 cash and $45,860 in land in exchange for its common stock. b. The company's $17,020 equipmeot purchase is pald in cash c. Cash pald to employees is $500. The accounts payable baiance of $7,820 consists of the $2,400 office supplies purchase and $5.420 in employee salaries yet to be paid d. The company's rent exponse, telephone expense, and miscelianeous expenses are paid in cash e. No cosh has yet been collected on the $12,940 consulting revenue earned. Using the above information prepare a December statement of cast flows for Enst Consuting Note: Cash outfiows should be indicated by a minus sign