ERNST CONSULTING Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for miscellaneous expenses Cash paid for rent Cash paid for telephone expenses Cash paid to employees Net cash used by operating activities Cash flows from investing activities Cash paid for office equipment Net cash used by investing activities Cash flows from financing activities Cash dividends to shareholders Cash investments from shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 0 $ 0 0 0 $ 0