Reculred information The following information applies to the questions displayed beiowf] Oir Dicember 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed 585.360 in asset: ge for its common stock to launch the business. On December 31, the company's records show the folion:? and impouts Aing assume the following a. The owner's initial imvestment consists of $39.320 cash and $46,040 in land in exchange for its cormmen stoci.. b. The company's 519,360 equipment purchase is paid in cash. c. Cash paid to employees is $3,110. The accounts payable baiance of $9.740 censists of ve $4,480 office supples purthare mhal $5.260 in emplopee salaries yet to be paid d. The companys rent expense. telephone expense, and miscellaneous expenses are poid in cash. e. No cosh hes yet been collocted on the 518,350 consulting revenue eamed. Using the above information prepare a December sagement of cash flows for Ermat Consuling. (Gast outhlows should be indicatert by o minus sign. 6