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 $20,000 to purchase land and repaid $2,000 principal on an existing promissory note. In March, the company paid $2,800 cash for dividends and $1,200 to repurchase and eliminate Consultex stock that had previously been issued for $1,200. To Improve its cash position, Consultex borrowed $5,800 by signing a new promissory note in May and also issued stock to a new private Investor for $12,800 cash. Year-end comparative balance sheets and Income statements are presented below. CONSULTEX, INCORPORATED Balance Sheet October 31 2021 2020 $ 7,730 15,600 2, 4ee 32, eee $ 57,730 $ 13,800 12,800 3,80e 12,000 $ 42,400 Assets Cash Accounts Receivable Prepaid Rent Land Total Assets Liabilities and Stockholders' Equity Salaries and Wages Payable Income Taxes Payable Notes Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 2,400 1, 2ee 16,6ee 21,400 16,130 $57,730 $ 3,800 1,200 12, see 9,800 14,800 $ 42,400 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 2021 $ 162,880 98,800 36,800 20,500 5,900 1,770 $ 4,130 2020 $ 165, eee 97, Bee 30, see 20,800 15,600 4,680 $ 10,920 Required: 1. 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 slgn.) CONSULTEX, INCORPORATED Statement of Cash Flows For the Year Ended October 31, 2021 Cash Flows from Operating Activities: Changes in Current Assets and Current Liabilities Cash Flows from Investing Activities Cash Flows from Financing Activities