Cash flows from operating activities: Net income $360,000 Adjustments to reconcile net income to net cash flow from operating activities 100,800 Depreciation Gain on sale of investments Changes in current operating assets and liabilities 17,280 Increase in accounts receivable Increase in Inventories Increase in accounts payable Decrease in accrued expenses payable 27,360 (36,000) (3,600) (2,400) $463,440 Net cash fiow from operating activities Cash flows from (used for) investing activities: Cash from sale of investments Cash used for purchase of land Cash used for purchase of equipment Net cash flow used for investing activities $240,000 (259,200) (432,000) (415,200) Cash flows from (used for) financing activities: $312,000 Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities 132,000 Increase in cash Cash at the end of the year Cash at the beginning of the year 180,000 47,760 192,240 240,000 b. Enter the corrected amounts below. Use the minus sign to Indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Net cash flow from operating activities Net cash flow used for investing activities Net cash flow provided by financing activities c. Prepare a corrected statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments SHASTA INC Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activitbes: Adjustments to recondle net income to net cash flow from operating activities: Changes in current operating assets and liabilities Net cash fow from operating activities Cash flows from (used for) Investing activities: Csh flows fron operating activites: Adjunstments to reconcile net Income to net cash flow from operating adivities: Changes in curment opersting assets and l Net cash flow from opesting activibers Cash flos from (used for) Investing atvises Net cash fiow fom investing actvibe ash fows from (uned for) financing actvbies Net cash flow from financing activite Cash at the beginning of the year command opfion