Required Information (The following information applies to the questions displayed below.] Part 4 of 4 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. 0.3 $ 640 points X 01:57:57 Cash $15,760 Accounts receivable 12,590 Office supplies 1,960 Land 46,030 Office equipment 16,580 Accounts payable 7,250 Owner investments 82,780 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses 12,590 2,270 5,450 760 580 Print References Also assume the following: a. The owner's initial investment consists of $36,750 cash and $46,030 in land. b. The company's $16.580 equipment purchase is paid in cash. 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 paid. 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 earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be Indicated by a minus slgn.) ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers 16,580 Cash flows from investing activities Cash investments by owner Net cash used by investing activities Cash flows from financing activities 16,580 Cash balance, October 1 Cash balance, October 31