O 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 $82.780 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. Cash Accounts receivable Office supplies Land office equipment Accounts payable Connon stock $15,760 12,590 1,960 46,030 16,580 7,250 32,780 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 640 12,590 2,270 5,450 760 580 Also assume the following: o. The owner's initial investment consists of $36.750 cash and $46,030 in tand in exchange for its common stock b. The company's $16.580 equipment purchase is paid in cash c. The accounts payable balance of $7.250 consists of the $1960 office supplies purchase and $5,290 in employee salaries yet to be paid. d. The company's rent, telephone, and miscellaneous expenses are paid in cash e. No cash has been collected on the $12.590 consulting fees earned Using the above information prepare an October 31 statement of cash flows for Ernst Consulting (Cash outflows should be indicated by o minus sign.) Using the above information prepare an October 31 statement of cash flows for Ernst Consulting (Cash outflows should be indicated by a minus sign.) ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers $ 0 S Cash flows from investing activities 0 Cash flows from financing activities 0 Cash balance. October 1 Cash balance. October 31 $ 0