Frey Company’s 2000 cash flow statement, as developed by its bookkeeper, is as follows:

Frey Company Cash Flow Statement December 31, 2000 Cash Inflows:
Receipt from sale of CqUIPMENT..........cccsseseesesseeseeseees $ 1,500 GOWECHONS ALON) CUSLOMCMS ieeasocecrecese-grnactecasepecastesnsiesian 50,800 Receipt from issuance of note payable..........csese 5,800 PRISE ASML OW Sic soe caes hese ccee cao ratnn dasa ce cu tontacel Naanocsnseeta ee PERE: Coe eae s setae $58,100 Cash Outflows:
Bayimlents toy EfmplOVOOS: <2. assnsansssssaasentarecsctearetsteasaeees $24,300 Withdrawals by OWNED ......sccssecsesseesssssssssesesseecneenseeseesees 5,000 Payment to purchase land Payments to SUPPIiers......s---sccserssessssssessesssesssssssesseesesene WcoeaI ROR VOW Sac ater esata ace ras satrosesotaseaponcsodasnrscetereonseesecs IGKEASC NU SSI Ire esse eaten teesactecnaetcarausrscnssarcersootiertsorassatertietttenece snscetraneesteaiersir’
ME ASTI ATILITIY Ml LO Onteeettreneree tens trsccescarearerasverartereetreattesotVsteTeetta cea tetttnertreda aes GashDece mba sl 2O0OGN. a htcatsccsscctssdessscbvsssnrseseossssuciateatsesstenteaniestivestievcienvared You determine that the amounts of the items listed on the statement are correct but are incorrectly classified.
Required: Prepare a correct 2000 cash flow statement for Frey Company.  plo47