Required information [The following information opplies to the questions disployed below] On December 1, Jesmin Enst organized Ernst Consulting. On December 3 , the owner contributed $84.920 in ostets in axchange for its common stock to lounch the business On December 31 , the company's records show the following items and amounts Also aswume the following - The owner's initial investment consists of $38,900 cash and $46,020 in lond in exchenge for its common stock. b. The company's $18,860 equipment purchase is poid in cash. c. Cosh poid to employees is $2,700. The sccounts poyoble balonce of $9,280 consists of the $4.080 office suppiles purchose and $5.200 in emplayee salaries yet to be paid. d. The company's rentexpense, telephone expense. ond miscellaneous expensos are poid in cosh. - No cosh hos yet been collected on the $16.950 consulting revenue earned Also assume the following. a. The owner's initial investment consists of $38,900 cash and $46,020 in land in exchange for its common stoc b. The company's $18,860 equipment purchase is paid in cash. c. Cash paid to employees is $2,700. The accounts payable balance of $9,280 consists of the $4,080 office 5up $5,200 in employee salaries yet to be paid. d. The company's rent expense, telephone expense, and miscelloneous expenses are paid in cash. e. No cash has yet been collected on the $16,950 consulting revenue earned. Using the above information prepare a December statement of cash flows for Einst Consulting. Note: Cash outflows should be indicated by a minus sign