On October 1. Ebony Ernst organized Ernst Consulting, on October 3. the owner contributed $84,310 in assets in exchange for its common stock to launch the business. On October 31. the company's records show the following items and amounts.

Cash 10,200
Accounts receivable 15,200
Office supplies 3550
Land 45990
Office equipment 18310
Accounts payable 8,740
Stock 84,310
Cash dividends 2340
Consulting revenue 15,200
Rent expense 3,910
Salaries expense 7,350
Telephone expense 790
Miscellaneous expenses 610

Also assume the following
a. The owners initial investment consists of $38320 cash and $45,990 in land in exchange for Its common stock
b. The company's S18.310 equipment purchase is paid in cash
c- The accounts payable balance of S8,740 consists of the S3.550 office supplies purchase and $5,190 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 $15.200 consulting fees earned

Required:
Using the above information prepare an October 31 statement of cash flows for Ernst Consulting (Cash outflows should be indicated by a minus sign.)