I am not understanding how a corrected statement works . The two photos are the only information that the text book provided.

Chapter 19 The Statement of Cash Flows Case Study CS-1 LO 2 Granite Surfaces specializes in making granite countertops. A new accounting clerk has compiled the following information to prepare the statement of cash flows for the year ended December 31, 2018. Net income for the year was $114,140. Depreciation expense was $15,300. Equipment was sold for a gain of $16,000. Cash proceeds from the sale were $36,000. Equipment was purchased for $250,000. Dividends of $50,000 were paid. Accounts receivable increased by $31,400. Merchandise inventory decreased by $38,700. Accounts payable increased by $41,100. Notes payable increased by $55,000. Stock was sold for $50,000 (also its book value). Cash balance on January 1, 2018 was $114,800. Cash balance on December 31, 2018 was $117,640. The statement of cash flows the accounting clerk prepared is shown below. Granite Surfaces Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flow from Operating Activities Net Income $114,140 Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities Depreciation Expense 15,300 Changes in Operating Assets and Liabilities Increase in Accounts Receivable 31,400 Decrease in Merchandise Inventory (38,700) Increase in Accounts Payable 41,100 Sale of Equipment 36,000 Purchase of Equipment (250,000) Net Cash Provided (Used) by Operating Activities ($50,760) Cash Flow from Investing Activities Proceeds from Notes Payable 55,000 Net Cash Provided (Used) by Investing Activities 55,000 Cash Flow from Financing Activities Payment of Cash Dividend (50,000) Proceeds from Issuance of Common Stock 50,000 Net Cash Provided (Used) by Financing Activities O Net Increase (Decrease) in Cash 4,240 Cash at the Beginning of the Year 114.800 Cash at the End of the Year $119.040 780The Statement of Cash Flows Chapter 19 Required a) Identify the problems with the statement of cash flows that the accounting clerk prepared. b) Prepare a corrected statement of cash flows. 781