10.00 points Consultex, Inc. was founded in 2012 as a small financial consulting business. The company had done reasonably well in 2012-2014 but started noticing its cash dwindle early in 2015. In January 2015 Consultex had paid 514,000 to purchase land and repaid $3,000 principal on an existing promissory note. In March, the company paid $1,800 cash for dividends and $1,200 to repurchase and eliminate Consultex stock that had previously been issued for $1,200. To improve its cash position, Consultex borrowed $4,800 by signing a new promissory note in May and also issued stock to a new private investor for 11,600 cash. Year-end comparative balance sheets and income statements are presented below. CONSULTEX INC Balanca Sheet October 31 2015 2014 Assets Cash Accounts Recaivable Prepaid Rent Land S 8,650 S11,400 13,200 11,600 1,800 2,600 26,000 12,000 S49,850 537,600 Total Assets Liabilities and Stockholders' Equity Salaries and Wages Payable Income Taxes Payable Notes Payable (long-term) Common Stock Retained Earnings S 1,800 S 2,600 1,200 1,200 13,200 11,600 19,000 8,600 14,450 13,600 549,850 537,600 Total Liabilities and Stockholders' Equity CONSULTEX INC. Income Statement For the Year Ended October 31 2015 2014 Sales Revenue Salaries and Wages Expense Rent Expense Prepaid Rent Utilities Expenses Income before Income Tax Expense Income Tax Expense Net Income 5158,000 S159,000 97,800 96,600 35,600 29,600 50 3,200 2,450 9,240 Required: Prepare a properly formatted Statement of Cash Flows for Consultex, Inc. for the year ended October 31, 2015 (using the indirect method). (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended October 31, 2015 Cash Flows from Operating Activities Changes in Current Assets and Current Liabilities Cash Flows from Investing Activities Cash Flows from Finacng Activites