DuWayne Streitman, a newly hired accountant, has prepared the following statement of cash flows. DuWayne has asked you to examine his statement because the ending cash balance does not equal the balance of cash. Prepare list of any errors you identify in the statement and calculate the correct ending cash balance.

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Maher Products, Inc. Statement of Cash Flows December 31, 20-- Cash Flows from Operating Activities: Net Income Adjustments to Net Income: Depreciation Expense Changes in current assets and liabilities: Decrease in accounts receivable. Increase in supplies Decrease in merchandise inventory. Decrease in notes payable.. Increase in account payable Total adjustments to net income. Cash provided by operating activities.. Cash Flows from Investing Activities: Addition to equipment Repayment of mortgage Proceeds from sale of property Cash provided by investing activities 124,000.00 (2,150.00) 4,800.00 (21,500.00) (3,100.00) 4,850.00 92,000.00 106,900.00 198,900.00 (15,800.00) 13,500.00 33,600.00 31,300.00 Cash Flows from Financing Activities: Proceeds from issuance of common stock Dividend payment (10,000.00) 62,000.00 Cash provided by financing activities 52,000.00 Net Increase in Cash 282,200.00 Cash Balance, Beginning of Period Cash Balance, End of Period 24,500.00 257,700.00