Required information The following information applies to the questions displayed below) On December 1, Jasmin Ernst organized Ernst Consulting On December 3, the owner contributed $84.310 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash $ 10,200 Cash withdrawals by owner $ 2,340 Accounts receivable 15,200 Consulting revenue 15,200 office supplies 3,550 Rent expense 3,910 Land 45,990 Balaries expense 7,350 office equipment 18,310 Telephone expense 790 Accounts payable 8.740 Miscellaneous expenses 610 Owner investments 84,310 Also assume the following a. The owner's initial investment consists of $38,320 cash and $45,990 in land b. The company's $10,310 equipment purchase is paid in cash c. Cash paid to employees is $2,160. 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 expense, telephone expense, and miscellaneous expenses are paid in cash e. No cash has yet been collected on the $15,200 consulting revenue earned Using the above information prepare a December statement of cash flows for Ernst Consulting (Cash outflows should be indicated by a minus sign) Answer is not complete. Rua Mini einn Required information WHY HIVELPICE. ERNST CONSULTING Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers $ 0 Cash paid for miscellaneous expenses (610) Cash paid for office equipment (18,310) Cash paid for rent (3.910) Cash paid for telephone expenses (790) Net cash provided by operating activities > $ 23,620) Cash flows from investing activities Cash investments by owner 3 84 310 3 84,310 Cash flows from financing activities Cash investments by owner o Cash balance, December 1 Cash balance, December 31 $ o