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 $13,500 to purchase land and repaid $3,000 principal on an existing promissory note. In March, the company paid $1,500 cash for dividends and $1,000 to repurchase Consultex stock that had previously been issued for $1,000. To improve its cash position, Consultex borrowed $4,500 by signing a new promissory note in May and also issued stock to a new private investor for $11,500 cash. Year-end comparative balance sheets and income statements are presented below. CONSULTEX, INC. Balance Sheet October 31 2015 2014 Assets Cash $ 10,810 $ 13,000 Accounts Receivable 13,000 11,500 Prepaid Rent 1,750 2,500 Land 23,500 10,000 Total Assets $ 49,060 $ 37,000 Liabilities and Stockholders Equity Salaries and Wages Payable $ 1,750 $ 2,500 Income Taxes Payable 1,000 1,000 Notes Payable (long-term) 13,000 11,500 Common Stock 19,000 8,500 Retained Earnings 14,310 13,500 Total Liabilities and Stockholders Equity $ 49,060 $ 37,000 CONSULTEX, INC. Income Statement For the Year Ended October 31 2015 2014 Sales Revenue $ 155,500 $ 158,500 Salaries and Wages Expense 97,500 96,500 Rent Expense 35,500 29,500 Utilities Expenses 19,200 19,500 Income before Income Tax Expense 3,300 13,000 Income Tax Expense 990 3,900 Net Income $ 2,310 $ 9,100 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.)