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 $14,500 to purchase land and repaid $3,000 principal on an existing promissory note. In March, the company paid $1,700 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 $4,700 by signing a new promissory note in May and also issued stock to a new private investor for $11,700 cash. Year-end comparative balance sheets and income statements are presented below.

CONSULTEX, INC.
Balance Sheet
October 31
	2015			2014
Assets
Cash	$	9,490		$	12,500
Accounts Receivable		13,400			11,700
Prepaid Rent		1,850			2,700
Land		25,500			11,000
Total Assets	$	50,240		$	37,900
Liabilities and Stockholders Equity
Salaries and Wages Payable	$	1,850		$	2,700
Income Taxes Payable		1,100			1,100
Notes Payable (long-term)		13,400			11,700
Common Stock		19,300			8,700
Retained Earnings		14,590			13,700
Total Liabilities and Stockholders Equity	$	50,240		$	37,900

CONSULTEX, INC.
Income Statement
For the Year Ended October 31
	2015			2014
Sales Revenue	$	156,500		$	159,500
Salaries and Wages Expense		97,700			96,700
Rent Expense		35,700			29,700
Utilities Expenses		19,400			19,700
Income before Income Tax Expense		3,700			13,400
Income Tax Expense		1,110			4,020
Net Income	$	2,590		$	9,380

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
		0
Cash Flows from Investing Activities:
		0
Cash Flows from Financing Activities:
		0
		$0