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 $19,500 to purchase land and repaid $2,000 principal on an existing promissory note. In March, the company paid $2,700 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 $5,700 by signing a new promissory note in May and also issued stock to a new private investor for $12,700 cash. Year-end comparative balance sheets and income statements are presented below. 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 sign.) CONSULTEX, INCORPORATED Statement of Cash Flows For the Year Ended October 31, 2021 Cash Flows from Operating Activities: Net Income $3,990 Changes in Current Assets and Current Liabilities \begin{tabular}{|l|} \hline Accounts Receivable \\ \hline Prepaid Rent \\ \hline Salaries and Wages Payable \\ \hline \end{tabular} Cash Provided by Operating Activities 6,690 Cash Flows from Investing Activities: Purchased Land Cash Used in Investing Activities Cash Flows from Financing Activities: Issued New Company Common Stock Issued New Promissory Note Paid Cash Dividends Repaid Promissory Note Principal \begin{tabular}{|l|l|l|l|} \hline Accounts Receivable & & 2,700 & \\ \hline Prepaid Rent & & & \\ \hline Salaries and Wages Payable & & & \\ \hline & & & \\ \hline Cash Provided by Operating Activities & & \\ \hline Cash Flows from Investing Activities: & & \\ \hline Purchased Land & & & \\ \hline & & & \\ \hline Cash Used in Investing Activities & & \\ \hline Cash Flows from Financing Activities: & & \\ \hline & & & \\ \hline Issued New Company Common Stock & & & \\ \hline Issued New Promissory Note & & \\ \hline Paid Cash Dividends & & \\ \hline Repaid Promissory Note Principal & & \\ \hline Repurchased Company Common Stock & & \\ \hline & & \\ \hline Net Decrease in Cash & & \\ \hline Beginning Cash Position, October 31,2020 & & \\ \hline Ending Cash Position, October 31,2021 & & \\ \hline \end{tabular}