The actual problem

CONSULTEX, INC Income Statement For the Year Ended October 31 2015 2014 Sales Revenue Salaries and Wages Expense Rent Expense Utilities Expenses $157,000 $160,000 96,800 29.800 19,800 97,800 35,800 19,500 Income before Income Tax Expense Income Tax Expense 3,900 1,170 13,600 4,080 Net Income $ 2,730 $ 9,520 Required Prepare a properly formatted Statement of Cash Flows for Consultex, Inc. for the year ended October 31, 2015 (using the indirect method). (Amounts to be deducted should be indicated with a minus sign.) CONSULTEX, INC. Statement of Cash Flows For the Year Ended October 31, 2015 Cash Flows from Operating Activities: Income S 2,730 Changes in Current Assets and Current Liabilities Accounts Receivable Prepaid Rent Salaries and Wages Payable (1,800) h Provided by Operating Activities 930 Cash Flows from Investing Activities chased Land counts Receivable Cash Flows from Financing Activities id Cash Dividends ssued New Promissory Note ssued New Company Common Stock ash Provided by Financing Activities t Decrease in Cash inning Cash Position, October 31, 2014 ing Cash Position, October 31, 2015