D 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 Ernst organized Ernst Consulting: on October 3, the owner contributed $85,160 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. Retained earnings, October 1 as $0. Accounts receivable office supplies Land ottice equipment Accounts payable Common stock $ 7.520 17,950 4.310 46,000 19.190 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,190 17.950 4,720 3.220 900 710 85,160 Also assume the following: a. The owner's initial investment consists of $39.160 cash and $46,000 in land in exchange for its common stock. b. The company's $19,190 equipment purchase is paid in cash. c. The accounts payable balance of $9,600 consists of the $4,310 office supplies purchase and $5,290 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 $17.950 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.) Book va IUS DIUI. Required information Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers $ 0 $ $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 Cash balance, October 1 Cash balance, October 31 $