Locate and correct all errors on this statement of cash flows.

The correct balance for cash at the beginning of the year is $165,000.

Except for the cash balance at the end of the year, all other transaction amounts are correct. (You have to correct if the number is suppose to be a minus or a positive)

Net cash flow provided/used by investing activities Increase of Decrease in Cash Cash at the beginning of the year 165,000 Cash at end of Year 165,000Macy's Corporation Statement of Cash Flows For the Year Ended December 31, 2005 Cash Flows from operating activities: Net income 110,000 Adjustments to reconcile net income to net cash flow from operating activities: Amortization - 16,000 Loss on Sale of Investments -3,000 decrease in accounts receivable - 12 200 increase in inventories - 10,080 decrease in accounts payable 1,500 increase in accrued expenses 5 295 Net cash flow provided/used from operating activities Cash Flows from investing activities: Sale of investments -365,000 Sale of land -215,000 Purchase Machinery -23,000 Net cash flowprovided'used from investing activities Cash Flows from financing activities: Sale of Common Preferred Stock -307,000 Paid for dividends 55,000 Acquire Treasury Stock 26 000