List the errors you find in the following statement of cash flows. The cash balance at the beginning of the year was $180,576. All other amounts are correct, except the cash balance at the end of theyear.

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Hough Inc. Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from operating activities Net income Adjustments to reconcile net income to net .. . $266,544 cash flow from operating activities: 75,600 12,960 Changes in current operating assets and liabilities: Increase in accounts receivable 20,520 (26,568) (7,992) 1,944) Net cash flow from operatinq activities Cash flows from investing activities: $339,120 Cash received from sale of investments $183,600 Cash paid for purchase of equipment. 324,360 518,760 Net cash flow used for investing activities...... . Cash received from sale of common stock.............. Net cash flow provided by financing activities........ (335,160) Cash flows from financing activities: $231,120 97,2 Cash at the end of the year.... Cash at the beginning of the year. $ 86,904 180,576 267,480 . . . . . . . . . . . . . . .