$\backslash$table$[[$Office equipment,$17,820,$Salaries expense,$6,860],[$Land$,46,000,$Telephone expense,$880],[$Accounts payable,$8,400,$Miscellaneous expenses,$690],[$Common stock,$83,850,,]]$

Also assume the following:

a$.$ The owner's initial investment consists of $$37,850$ cash and $$46,000$ in land in exchange for its common stock.

b$.$ The company's $$17,820$ equipment purchase is paid in cash.

c$.$ Cash paid to employees is $$1,600.$ The accounts payable balance of $$8,400$ consists of the $$3,140$ office supplies purchase and $$5,260$ in employee salaries yet to be paid.

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

e$.$ No cash has yet been collected on the $$13,860$ 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.

$\backslash$table$[[$ERNST CONSULTING,,$],[$Statement of Cash Flows,,$],[$For Month Ended December $31,,],[$Cash flows from operating activities,,$],[$Cash received from customers,,$],[$Cash investments from shareholders,,$],[$Cash dividends to shareholders,,$],[$Cash paid for miscellaneous expenses,,$],[$Cash paid for office equipment,,$],[$Cash paid for rent,,$],[$Cash flows from investing activities,,$],[$Cash dividends to shareholders,,$],[$Cash paid for telephone expenses,$(1,890),],[,(8,080),],[$Cash flows from financing activities,,$],[$Cash received from customers,,$]]$