cash flow statement: Required information

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$[$The following information applies to the questions displayed below.$]$

On December $1,$ Jasmin Ernst organized Ernst Consulting. On December $3,$ the owner contributed $$85,460$ in assets in exchange for its common stock to launch the business. On December $31,$ the company$$s records show the following items and amounts.

Cash $ $6,650$ Cash dividends $ $3,490$

Accounts receivable $18,650$ Consulting revenue $18,650$

Office supplies $4,640$ Rent expense $4,920$

Office equipment $19,560$ Salaries expense $8,500$

Land $46,000$ Telephone expense $890$

Accounts payable $9,890$ Miscellaneous expenses $700$

Common stock $85,460$

Also assume the following:

The owner$$s initial investment consists of $$39,460$ cash and $$46,000$ in land in exchange for its common stock.

The company$$s $$19,560$ equipment purchase is paid in cash.

Cash paid to employees is $$3,250.$ The accounts payable balance of $$9,890$ consists of the $$4,640$ office supplies purchase and $$5,250$ in employee salaries yet to be paid.

The company$$s rent expense, telephone expense, and miscellaneous expenses are paid in cash.

No cash has yet been collected on the $$18,650$ consulting revenue earned.

Using the above information prepare a December statement of cash flows for Ernst Consulting.

Note: Cash outflows should be indicated by a minus sign.