On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,220 in assets in exchange for its common stock to launch the business. On October 31, the companys records show the following items and amounts.

Cash	$	13,840		Cash dividends	$	1,280
Accounts receivable		12,000		Consulting revenue		12,000
Office supplies		2,530		Rent expense		2,770
Land		45,840		Salaries expense		6,120
Office equipment		17,200		Telephone expense		820
Accounts payable		7,810		Miscellaneous expenses		630
Common Stock		83,220

Also assume the following:

1. The owners initial investment consists of $37,380 cash and $45,840 in land in exchange for its common stock..
2. The companys $17,200 equipment purchase is paid in cash.
3. The accounts payable balance of $7,810 consists of the $2,530 office supplies purchase and $5,280 in employee salaries yet to be paid.
4. The companys rent, telephone, and miscellaneous expenses are paid in cash.
5. No cash has been collected on the $12,000 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.)