Item6 Part 4 of 4 1.7 points Return to questionItem 6 Required information Skip to question [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts.

Required Information [The following informotion opplies to the questions disployed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed \\( \\$ 83,390 \\) in sssets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Also ossume the following: a. The owner's initiol investment consists of \\( \\$ 37,480 \\) cosh and \\( \\$ 45,910 \\) in land in exchange for its common stock. b. The compony's \\( \\$ 17,350 \\) equipment purchose is poid in cosh. c. Cosh poid to employees is \\( \\$ 1,040 \\). The accounts psysble bolance of \\( \\$ 7,970 \\) consists of the \\( \\$ 2,720 \\) office supplies purchuse and \\( \\$ 5,250 \\) in employee salories yet to be psid. d. The compony's rent expense, telephone expense, and miscellaneous expenses are poid in cosh. e. No cosh has yet been collected on the \\( \\$ 13,320 \\) consulting revenue earned. Using the above information prepare a December statement of cosh flows for Ernst Consulting. Note: Cash outflows should be indicated by a minus sign