Exercise 1-18 Preparing a statement of cash flows LO P2 Also assume the following: a. The owner's initial investment consists of $36,570 cash and $46,080 in land. b. The company's $16,450 equipment purchase is paid in cash. c. 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. d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $12,410 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting.(Cash outflows should be indicated by a minus sign.) ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers $ 0 $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0