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 $$16,500$ to purchase land and repaid $$2,000$ principal on an existing promissory note. In March, the company paid $$2,100$ cash for dividends and $$1,100$ to repurchase and eliminate Consultex stock that had previously been issued for $$1,100.$ To improve its cash position, Consultex borrowed $$5,100$ by signing a new promissory note in May and also issued stock to a new private investor for $$12,100$ cash. Year$-$end comparative balance sheets and income statements are presented below$\mathrm{.}2$

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 $$16,500$ to purchase land

and repaid $$2,000$ principal on an existing promissory note. In March, the company paid $$2,100$ 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 $$5,100$ by signing a new promissory note in May and also issued stock to a new private investor for $$12,100$ cash. Year$-$end

comparative balance sheets and income statements are presented below.

CONSULTEX, INCORPORATED

Income Statement

For the Year Ended October $31$

Sales Revenue

Salaries and Wages Expense

Rent Expense

Utilities Expenses

Income before Income Tax Expense

Income Tax Expense

Net Income

Required:

Prepare a properly formatted Statement of Cash Flows for Consultex, Incorporated, for the year ended October $31,2021($using the

indirect method$).($Amounts to be deducted should be indicated with a minus sign.$)$