Hello, I was wondering if you could help me identify what I did wrong.

Required: 1. Prepare the statement of cash flows for the year ended December 31, 2017, using the direct method. (Amounts to be deducted should be indicated by minus sign.) Statement of Cash Flows For the Year Ended December 31 2017 Cash flows from operating activities: Cash collected from customers Cash paid for other operating expenses Cash paid for income tax Cash payments to purchase equipment Net cash provided by operating activities Cash flows from investing activities: Cash payments to purchase equipment Net cash used in investing activities Cash flows from financing activities: Cash proceeds from bank loan Net cash provided by financing activities Net increase in cash during the year Cash balance, January 1, 2017 Cash balance, December 31, 2017 deducte 38,250 e (35,250) (1 ,000) e (500) 1 ,500 (500) e (500) 1,000 e 1 ,ooo 2,000 e 4,000 in't: