I turned this in and the person helping me said the total assets were wrong and did not answer but it is copied straight from the textbook. I checked it line by line. I am stuck on the question please advise.

The comparative balance sheets and an income statement for Raceway Corporation follow.

Balance Sheets As of December 31
	Year 2				Year 1
Assets
Cash	$	73,976			$	41,750
Accounts receivable		31,786				23,310
Merchandise inventory		157,992				173,790
Prepaid rent		2,455				4,910
Equipment		255,800				288,820
Accumulated depreciation		(150,660	)			(238,400	)
Land		190,030				78,130
Total assets	$	561,379			$	372,310
Liabilities
Accounts payable (inventory)	$	67,115				76,130
Salaries payable		34,125				29,250
Stockholders equity
Common stock, $50 par value		247,000				199,000
Retained earnings		213,139				67,930
Total liabilities and equity	$	561,379			$	372,310

Income Statement For the Year Ended December 31, Year 2
Sales	$	1,500,000
Cost of goods sold		(797,201	)
Gross profit		702,799
Operating expenses
Depreciation expense		(23,880	)
Rent expense		(22,770	)
Salaries expense		(255,640	)
Other operating expenses		(255,300	)
Net income	$	145,209

Other Information

1. Purchased land for $111,900.
2. Purchased new equipment for $97,800.
3. Sold old equipment that cost $130,820 with accumulated depreciation of $111,620 for $19,200 cash.
4. Issued common stock for $48,000.

Required Prepare the statement of cash flows for Year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)