Required informotion [The following information applies to the questions cisplayed below] On December 1, Jasmin Emst organized Ernst Consulting. On December 3, the owner contributed $84,580 in assets in exchange for its common stock to launch the busines5. On December 31, the company's records show the following items and amounts Also assume the following a. The owner's initial investment consists of $38,600 cash and $45,980 in land in exchange for its common stock b. The company's $18,550 equipment purchase is paid in cash. c. Cash paid to employees is $2,340. The accounts payable balance of $9,060 consists of the $3,830 office suppliss purchase and $5.230 in employee salaries yet to be paid. d. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash e. No cash has yet been collected on the $16.020 consulting revenue earned Using the above information prepare a December statement of cash flows for Emst Consulting Note: Cash outflows should be indicated by a minus sign. (1) Required information Using the above information prepare a December statement of cash flows for Ernst Consulting. Note: Cash outflows should be indicated by a minus sign