List the errors you find in the following statement of cash flows. The cash balance at the beginning of the year was \(\$ 83,600\). All other amounts are correct, except the cash balance at the end of the year.obj. 3

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Whole Life Nutrition Products Inc. Statement of Cash Flows For the Year Ended December 31, 2008 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of investements Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses Net cash flow from operating activities. Cash flows from investing activities: Cash received from sale of investments Less: Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow provided by financing activities Increase in cash Cash at the end of the year Cash at the beginning of the year $ 90,000 150,100 $123,400 35,000 6,000 9,500 (12,300) (3,700) (900) $157,000 $ 85,000 240,100 (155,100) $107,000 45,000 152,000 $153,900 105,300 $259,200