A AB 1 *** 1. Capital Hotels and Restaurants incorporated recently hired conting der She has compiled the following information to prepare the statement of the for the year ended December 31, 2020 Net income for the year was 114,140 Depreciation expense was 315,300 . Fiquipment was sold for a pain of 516,000. Cash proceeds from the $16.000 Equipment was purchased for $250,000 Dividends of $50,000 were paid Accounts receivable increased by 331400 Inventory decreased by $38,700 Accounts payable increased by 541,100 Notes payable increased by 555,000 Shares were sold for $50,000 Cash balance on January 1, 2020, was S114,800 Cash balance on December 31, 2020, wat 5117,640 . . The statement of cash flows the accounting clerk prepared is shown below Capital hotels and restaurants incorporated statement of Cashes For the Year ended December 31, 2020 Cash Flow from operating activities Net Income 5114.10 Adjustments for Non-Calliems Depreciation Expense 18 Changes in Current Assets and Current Liabilities Increase in Accounts Receivable 31.400 Decrose in Inventory Code 11 A B CEAINED Cument Liabilities Inne in Accounts Receivable 11.400 Decrease in every Increase in Accounts Payable Sale of Equipment Purchase of liquipment net Cash Provided (Used) by operating activities Cash Flow from investing activities Proceeds from Notes Payable net Cash Provided (Used) by Investing activities . 0600 Cash Flow from Faces activities Proceeds from we of Common Shares Payment of Cash Dividend met Cash Provided (Used) by Financing activities met increase (decrease in Cash Cash at the Beginning of the Year Cash at the end of the Year ody MA ABT required a. Identify the problems with the statement of cash flows that the prepared Prepare a corrected statement of cash flows. Capital hotels and restaurants incorporated statement of Cash Flows For the Year ended December 31, 2020 Cash Flow from operating activities 1 net Cash Provided (Used) by operating activities: Cash Flow from investing activities Calib (Boy A AB I U ... net Cash Provided (Used) by operating activities: Cash Flow from investing activities set Cash Provided (Used) by investing activities: Cash Flow from Financing activities net Cash Provided (Used) by Financing activities: net increase (decrease) in Cash: Cash at the Beginning of the Year: Cash at the end of the Year