Required Information Use the following Information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below.j On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. 12,658 Cash dividends Accounts receivable Office supplics Land Office equipment Accounts payable Cormon Stock 12,88e Consulting revenuc 12,88e 45,948 Salarics expensc 7,53 Telephone expense 6,498 8,11 Misccllancous expenses 83,548 Exercise 1-18 Preparing a statement of cash flows LO P2 Also assume the following: a. The owner's initial investment consists of $37,600 cash and $45,940 in land in exchange for its common stock. b. The compsny's $17,530 equipment purchase is paid in c. The accounts payable balance of $8,110 consists of the $2,850 office supplies purchase and $5,260 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 $12.800 consulting fees esmed. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be Indicated by a minus sign.) Statement of Cash Flow Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash balance, Octaber 1 Cash balance, Octaber 31