please help me out with assisgnment especially the incorrect answer.

The comparative statement of financial position for Ivanhoe Retailers Ltd. follows: Additional information regarding 2024: 1. Net income was $66,000. 2 Depreciation expense was $21,000. 3. Payments made to the bank pertaining to the bank loan were $10,000. The company obtained some new bank loans during the year. 4. Common shares were issued during the year and the company did not buy back any shares. 5. During the year, the company did not sell any furniture. IVANHOE RETAILERS LTD. Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to Cash Flows from Operatine Activities Depreciation Expense $ 21,000 Increase in Accounts Receivable 9,000 Increase in Inventory 27,000 Increase in Accounts Payable 10.000 Net Cash Provided by Operating Activities 61,000 Cash Flows from Investing Activities Purchase of Furniture $ 84,000 Net Cash Provided bv Investing Activities 84,000 Cash Flows from Financing Activities Issue of Common Shares $5,000 Repayment of Bank Loan 10.000 Net Cash Provided by Financing Activities 33,000 Net Increase in Cash 10,000 Cash, January 1 \begin{tabular}{l} \hline 11,000 \\ \hline$21,000 \\ \hline \end{tabular} Cash, December 31