On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,920 in assets to launch the business. On October 31, the company's records show the following items and amounts.

Cash$8,450Cash withdrawals by owner$2,930Accounts receivable14,910Consulting revenue14,910Office supplies4,080Rent expense4,420Land46,020Salaries expense7,900Office equipment18,860Telephone expense860Accounts payable9,280Miscellaneous expenses680Owner investments84,920

-Using the above information make a October income statement for the business.

-Using the aboveinformation make a October statement of owner's equity for Ernst Consulting.

-Using the aboveinformation make a October 31 balance sheet for Ernst Consulting.

-Also assume the following:

1. The owner's initial investment consists of $38,900 cash and $46,020 in land.
2. The company's $18,860 equipment purchase is paid in cash.
3. The accounts payable balance of $9,280 consists of the $4,080 office supplies purchase and $5,200 in employee salaries yet to be paid.
4. The company's rent, telephone, and miscellaneous expenses are paid in cash.
5. No cash has been collected on the $14,910 consulting fees earned.

Using the above information make a October 31 statement of cash flows for Ernst Consulting.(Cash outflows should be indicated by a minus sign.)