I think I'm right, but need some help to make sure.

XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized Current year Balance Sheet at December 31 Previous Year Cash $ 34,000 $ 29,000 Accounts Receivable 35,000 28.000 Inventory 41,000 38,000 Equipment 121,00 100,000 Accumulated Depreciation-Equipment (30.000 (25,000) Total Assets $201.000 $170,000 Accounts Payable $ 36,000 $ 27,880 Salaries and Wages Payable 1,200 1.400 Note Payable Wong-term) 38,000 44.000 Common Stock 88,600 72.600 Retained Earnings 37.200 25,000 Total Liabilities and Stockholders' Equity $200,000 $170,000 Income Statement Sales Revenue $120.000 Cost of Goods Sold 70,000 Other Expenses 37.800 Net Income $ 12,200 Additional Data: a. Bought equipment for cash $21000. b. Paid $6,000 on the long-term note payable Issued new shares of stock for $16,000 cash d. No dividends were declared or paid. e Other expenses included depreciation, $5.000 salaries and wages, $20,000, taxes. $6.000 utilities, $6,800, Accounts Payable includes only inventory purchases made on credit Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. XS SUPPLY COMPANY Statement of Cash Flows $ 12,200 For the Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Expense $ Increase in Accounts Receivable Increase in Inventory Increase in Accounts Payable Decrease in Salaries and Wages payable 5,000 (9,000) (3,000) 9,000 (200) 1,800 14,000 Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Payments to Purchase Equipment (21,000) (21,000) Net Cash Used in Investing Activities Cash Flows from Financing Activities: Cash payments on Notes Payable (long-term) Cash Receipts from Issuing Stock (6,000) 16,000 : 10,000 Net Cash Provided by Financing Activities Net Increase in Cash during the Year Cash Balance, January 1 Cash Balance, December 31 $ $ 0