s 21 pts) USIU LICOUVCHIULITIQUUII LICUAIC OIULIUUCI JI SIOLCHICI IL VILASI ITUV Required information ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers 0 Cash paid to employees (1,750) Cash paid for rent (3,550) Cash paid for telephone expenses (760) 0 Cash paid for miscellaneous expenses (580) Net cash used by operating activities Cash flows from investing activities Cash paid for office equipment (18,000) 0 Net cash used by investing activities Cash flows from financing activities Cash investments from shareholders $ (6,640) (18,000) Cash dividends to shareholders (2,000) Net cash provided by financing activities 12,000 Net increase in cash Cash balance, October 1 Cash balance, October 31 11,360 0 $ 11,360