Preparing a cash flow statement LOP2 a. The owner's initial investment consists of $38,900 cash and $ 46,920 in land in exchange for its common stock. b. The company's $18,860 equipment purchase is paid in cash. C. The accounts payable balance of $ 9,280 consists of the $ 4,080 office supplies purchase and $5,200 in employee's 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 $ 16,950 consulting fees earned.