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 $15,500 to purchase land and repaid $3,000 principal on an existing promissory note. In March, the company paid $1,900 cash for dividends and $1,200 to repurchase Consultex stock that had previously been issued for $1,200. To improve its cash position, Consultex borrowed $4,900 by signing a new promissory note in May and also issued stock to a nevw private investor for $11,900 cash. Year-end comparative balance sheets and income statements are presented below CONSULTEX, INC. Balance Sheet October 31 2014 2015 Assets Cash Accounts Receivable Prepaid Rent $ 8,170 12,000 11,900 2,900 12,000 13,800 1,950 27,500 $51,420 $38,800 Total Assets Liabilities and Stockholders' Equity $1,950 1,200 13,800 19,600 14,870 2,900 1,200 11,900 8,900 13,900 Salaries and Wages Payable Income Taxes Pavable Notes Payable (long-term) Common Stock Retained Earnings $51,420 $38,800 Total Liabilities and Stockholders' Equity CONSULTEX, INC Income Statement For the Year Ended October 31 2015 2014 $157,500 160,500 96,900 29,900 19,900 Sales Revenue Salaries and Wages Expense Rent Expense Utilities Expenses 97,900 35,900 19,600 4,100 1,230 13,800 4,140 Income before Income lax Expense Income lax Expense $ 2,870 $ 9,660 Net Income 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.) CONSULTEX, INC 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 Financing Activities