Consultex, Inc., was founded in 2015 as a small financial consulting business. The company had done reasonably well in 20152017 but started noticing its cash dwindle early in 2018. In January 2018, Consultex had paid $17,500 to purchase land and repaid $2,000 principal on an existing promissory note. In March, the company paid $2,300 cash for dividends and $1,000 to repurchase and eliminate Consultex stock that had previously been issued for $1,000. To improve its cash position, Consultex borrowed $5,300 by signing a new promissory note in May and also issued stock to a new private investor for $12,300 cash. Year-end comparative balance sheets and income statements are presented below.

CONSULTEX, INC.
Balance Sheet
October 31
	2018			2017
Assets
Cash	$	10,530		$	14,600
Accounts Receivable		14,600			12,300
Prepaid Rent		2,150			3,300
Land		27,500			10,000
Total Assets	$	54,780		$	40,200
Liabilities and Stockholders Equity
Salaries and Wages Payable	$	2,150		$	3,300
Income Taxes Payable		1,000			1,000
Notes Payable (long-term)		15,600			12,300
Common Stock		20,600			9,300
Retained Earnings		15,430			14,300
Total Liabilities and Stockholders Equity	$	54,780		$	40,200

CONSULTEX, INC.
Income Statement
For the Year Ended October 31
	2018			2017
Sales Revenue	$	159,500		$	162,500
Salaries and Wages Expense		98,300			97,300
Rent Expense		36,300			30,300
Utilities Expenses		20,000			20,300
Income before Income Tax Expense		4,900			14,600
Income Tax Expense		1,470			4,380
Net Income	$	3,430		$	10,220

Required:

1. Prepare a properly formatted Statement of Cash Flows for Consultex, Inc., for the year ended October 31, 2018 (using the indirect method). (Amounts to be deducted should be indicated with a minus sign.)