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1. Prepare a properly formatted Statement of Cash Flows for Consultex. Incarporated, for the year ended October 31,2021 (using the incilrect rrethodf. (Amounts to be deducted should be indicated with a minus sign.) 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 indiceted with a minus sign.) XS Supply Company is developing its annual financial statements at December 31 . The statements are complete except for the statemerit of cash flows. The completed comparative balance sheets and income statement are sumimarized: Addisienol Dote: a. Boengtat equipment for cast, $24,000. b. Paid $6,600 on the long-term notes payable. ci lssued new shares of stock for $19,000 cash. a. No dividends wore declared or paid. e Cather expenses included depreciation, \$5,500, salaries and wages, $20,600; taxes, $6,600 : utitiles, 57,400 t Accourts Payable includes only inventory purchases made on credi. Becouse there are no llabality accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. Additionol Date: a. Bought equipment for cash, $24.000 b. Paid $6.600 on the long-term notes payable. c. Issued new shares of stock for $19.000 cash. d. No dividends were declared or paid. e. Other expenses included depreclation, $5,600 salaries and wages, $20,600; taves. $6.600; utiltles, $7,400. f Accounts Payable includes only inventory purchases made ont credit. Becuuse there are no liabilty accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the Indirect method, (Amounts to be deducted should be indicoted with a minus sign.)