On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,540 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	$	12,650		Cash dividends	$	1,570
Accounts receivable		12,800		Consulting revenue		12,800
Office supplies		2,850		Rent expense		3,110
Land		45,940		Salaries expense		6,490
Office equipment		17,530		Telephone expense		850
Accounts payable		8,110		Miscellaneous expenses		660
Common Stock		83,540

Also assume the following:

1. The owners initial investment consists of $37,600 cash and $45,940 in land in exchange for its common stock..
2. The companys $17,530 equipment purchase is paid in cash.
3. The accounts payable balance of $8,110 consists of the $2,850 office supplies purchase and $5,260 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 $12,800 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.)