Consultex, Incorporated, was founded in $2018$ as a small financial consulting business. The company had done reasonably well from $2018$ through $2020$ but started noticing its cash dwindle early in $2021.$ In January $2021,$ Consultex had paid $$21,000$ to purchase land and repaid $$2,000$ principal on an existing promissory note. In March, the company paid $$3,000$ cash for dividends and $$1,100$ to repurchase and eliminate Consultex stock that had previously been issued for $$1,100.$ To improve its cash position, Consultex borrowed $$6,000$ by signing a new promissory note in May and also issued stock to a new private investor for $$13,000$ cash. Year$-$end comparative balance sheets and income statements are presented below.