Required information The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $82,780 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner Investments $15,760 12,590 1,960 46,030 16,580 7,250 82,782 Cash withdrawals by Owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 640 12,590 2,270 5,450 760 580 Also assume the following: The owner's initial investment consists of $36,750 cash and $46,030 in land. c. The accounts payable balance of $7.250 consists of the $1,960 office supplies purchase and $5,290 in employee salaries yet to be d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $12,590 consulting fees eamed. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting (Cash outflows should be indicated by a minus sign.) ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers $ 0 S 0 Cash flows from investing activities 0 Cash flows from inancing activities Cash balance, October 1 Cash balance Odober 31 $ 0