Consultex, Inc. was founded in 2012 as a small financial consulting business. The company had done reasonably well in 20122014 but started noticing its cash dwindle early in 2015. In January 2015, Consultex had paid $11,500 to purchase land and repaid $4,000 principal on an existing promissory note. In March, the company paid $1,100 cash for dividends and $1,100 to repurchase Consultex stock that had previously been issued for $1,100. To improve its cash position, Consultex borrowed $4,100 by signing a new promissory note in May and also issued stock to a new private investor for $11,100 cash. Year-end comparative balance sheets and income statements are presented below.

CONSULTEX, INC.
Balance Sheet
October 31
	2015			2014
Assets
Cash	$	9,450		$	11,300
Accounts Receivable		12,200			11,100
Prepaid Rent		1,550			2,100
Land		22,500			11,000
Total Assets	$	45,700		$	35,500
Liabilities and Stockholders Equity
Salaries and Wages Payable	$	1,550		$	2,100
Income Taxes Payable		1,100			1,100
Notes Payable (long-term)		11,200			11,100
Common Stock		18,100			8,100
Retained Earnings		13,750			13,100
Total Liabilities and Stockholders Equity	$	45,700		$	35,500

CONSULTEX, INC.
Income Statement
For the Year Ended October 31
	2015			2014
Sales Revenue	$	153,500		$	156,500
Salaries and Wages Expense		97,100			96,100
Rent Expense		35,100			29,100
Utilities Expenses		18,800			19,100
Income before Income Tax Expense		2,500			12,200
Income Tax Expense		750			3,660
Net Income	$	1,750		$	8,540
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.)

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