On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 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	$	7,520		Cash dividends	$	3,190
Accounts receivable		18,000		Consulting revenue		18,000
Office supplies		4,310		Rent expense		4,720
Land		46,000		Salaries expense		8,220
Office equipment		19,190		Telephone expense		900
Accounts payable		9,600		Miscellaneous expenses		710
Common Stock		85,160

Also assume the following: The owners initial investment consists of $39,160 cash and $46,000 in land in exchange for its common stock..

1. The companys $19,190 equipment purchase is paid in cash.
2. The accounts payable balance of $9,600 consists of the $4,310 office supplies purchase and $5,290 in employee salaries yet to be paid.
3. The companys rent, telephone, and miscellaneous expenses are paid in cash.
4. No cash has been collected on the $18,000 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.)