Consultex Company was founded in 2009 as a small financial consulting business. The company had done reasonably well in 2009-2011, but noticed that its cash was beginning to dwindle early in 2012. In January 2012. Consultex had paid $15,800 to purchase land and repaid $1,950 principal on an existing promissory note. In March 2012. the company paid $1,850 cash in dividends and $900 to repurchase Consultex shares that had previously been issued for $900. To improve its cash position. Consultex borrowed $5,190 by signing a new promissory note in May 2012 and also issued shares to a new private investor for $12,100 cash. Comparative balance sheets and income statements for the most recent fiscal year are presented below