The owner’s initial investment consists of $38,170 cash and $46,030 in land in exchange for its common stock. The company’s $18,170 equipment purchase is paid in cash. Cash paid to employees is $1,980. The accounts payable balance of $8,630 consists of the $3,450 office supplies purchase and $5,180 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 $14,600 consulting revenue earned. Using the above information prepare a December statement of cash flows fo