Fret well Realty, organized August 1, 2013, is owned and operated by Brad Fret well. How many errors can you find in the following financial statements for Fret well Realty, prepared after its first month of operations? Assume that the cash balance on August 31, 2013, is $51,600 and that cash flows from operating activities are reportedcorrectly.

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Statement of Cash Flows August 31, 2013 Cash flows from operating activities cusiliners .- Cash received from SAiX0 $ 23,600 Cash flows from financing activities: issuance of capital stock 88,000 $111,600 Net cash flow and cash balance as of January 31, 2013.