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https/ewo m/flow/connect.html ?returnUrl : https%3A%2F%2Fconnect.m heducation.com%2Fpaamweb%2Findex.htm n %23%2Fregistr s correct or incorrect for the work you have completed so far. t does not indicate co Check my work mode: This shows what i Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ermnst organized Ernst Consulting; on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land office equipment Accounts payable by owner2,180 14,160 ,750 7,160 % 10,710 cash withdrawals 14,160 Consulting revenue 3,450 Rent expense 46,030 Salaries expense 18,170 Telephone expense 8,630 Misce11 aneous expenses 84,200 Also assume the following: a. The owner's initial i b. The company's $18,170 equipment purchase is pald in cash. c. The accounts payable balance of $8,630 consists of the $3,450 office supplies purchase and $5,180 in employee salarles yet to be ent consists of $38,170 cash and $46,030 in land pald d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $14,160 consulting fees eaned Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be indicated Prey 10f 11, Next