On October 1, Youssef Taher organized Taher Consulting; on October 3, the owner contributed $84,310 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $ 10,200 Cash withdrawals by owner S 2,340 Accounts receivable 14,310 Consulting fees earned 14,310 Office supplies 3,550 Rent expense 3,910 Land 45,990 Salaries expense 7,350 Office equipment 18,310 Telephone expense 790 Accounts payable 8,740 Miscellaneous expenses 610 Owner investments 84,310 A) Using the above information prepare an October income statement for the business. ANSWER B) Using the above information prepare an October statement of owner's equity for Taher Consulting 3 ANSWER C) Using the above information prepare an October 31 balance sheet for Taher Consulting. ANSWER Also assume the following: a. The owner's initial investment consists of $38,320 cash and $45,990 in land. b. The company's $18,310 equipment purchase is paid in cash. c. The accounts payable balance of $8,740 consists of the $3,550 office supplies purchase and $5,190 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 $14,310 consulting fees earned. D) Using the above information prepare an October 31 statement of cash flows for Taher Consulting. (Cash outflows should be indicated by a minus sign.)