Required information The following information applies to the questions displayed below On October 1, Ebony Emst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable 14,000 Consulting revenue office supplies Land Office equipment Accounts payable owner inveatment $11,360 Cash withdrawals by owner 2,000 14,000 3,550 7,000 760 580 ok 3,250 Rent expense 46,000 Salaries expense 18,000 Telephone expense e,500 Miscellaneous expennen 4,000 nces Also assume the followine Check my w Also assume the following o. The owners initial investment consists of $38,000 cash and $46,000 in land. b. The company's $18,000 equipment purchase is paid in cash. c. The accounts payable balance of $8,500 consists of the $3.250 office supplies purchase and $5,250 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 $14,000 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Emst Consulting. (Cash outflows should be indicatec by a minus sign.) ERNST CONSULTING Statement of Cash Flows Cash flows from operating activties Cash received from customers Required information ERNST CONSULTING Part 4 of 4 Statement of Cash Flows 718 points Cash fows from operating activities Cash received from customers eBook Hint Print rencesCash flows from investing actmities Cash flows from financing activities Part 4 of 4 Cash flows from investing activities 718 points eBook Cash lows from financing activities Hint Print References Cash balance, October 1 Cash balance, October 31