[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,650 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts.

Cash	$ 15,200	Cash dividends	$ 460
Accounts receivable	12,410	Consulting revenue	12,410
Office supplies	1,770	Rent expense	2,140
Office equipment	16,450	Salaries expense	5,300
Land	46,080	Telephone expense	750
Accounts payable	6,060	Miscellaneous expenses	560
Common stock	82,650

Also assume the following:

1. The owners initial investment consists of $36,570 cash and $46,080 in land in exchange for its common stock.
2. The companys $16,450 equipment purchase is paid in cash.
3. Cash paid to employees is $1,010. The accounts payable balance of $6,060 consists of the $1,770 office supplies purchase and $4,290 in employee salaries yet to be paid.
4. The companys rent expense, telephone expense, and miscellaneous expenses are paid in cash.
5. No cash has yet been collected on the $12,410 consulting revenue earned.

Using the above information prepare a December statement of cash flows for Ernst Consulting. (Cash outflows should be indicated by a minus sign.)