Please solve for the incorrect values:

Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2020, by investing capital in the amount of 69.000 pounds. The subsidiary immediately borrowed 146.000 pounds on a five-year note with 10 percent interest payable annually beginning on January 1, 2021. The subsidiary then purchased for 215.000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straight-line method. Also on January 1, 2020, the subsidiary rented the building for three years to a group of local attorneys for 8.200 pounds per month. By year-end, rent payments totaling 82,000 pounds had been received, and 16.400 pounds was in accounts receivable. On October 1, 2020.4.200 pounds was paid for a repair made to the building. The subsidiary transferred a cash dividend of 13,900 pounds back to Sullivan's Island Company on December 31, 2020. The functional currency for the subsidiary is the pound. Currency exchange rates for 1 pound follow: January 1, 2020 October 1, 2020 December 31, 2020 Average for 2020 $ 2.70 = 2.75 = 2.78 - 2.74 = 1 Pound 1 1 1 Prepare a statement of cash flows in pounds for Sullivan's Island Company's foreign subsidiary, and then translate this statement into U.S. dollars. (Round your exchange rate answers to 2 decimal places. Amounts to be deducted and cash outflows should be Indicated with minus slgn.) Answer is complete but not entirely correct. SULLIVAN'S ISLAND COMPANY Statement of Cash Flows U.S. Pounds Exchange Rate Dollars Operating Activities: Net income 58,100 $ 156,212 Add: Depreciation expenses 21,500 S 2.74 58,910 Less: Increase in accounts receivable (16,400) S 2.74 (44,936) Add: Increase in interest payable 14,600 S 2.74 40,004 77,800 210,190 Cash flow from operating activities Investing Activities: Purchase of building (215,000) S 2.70 (580,500) $ (215,000) $ (580,500) Cash flow from investing activities Financing Activities: Capital contribution Borrowing on note Dividends $ 69,000 146,000 (13,900) IS 2.70 2.70 2.78 186,300 394,200 (38,642) s 201,100 63,900 Cash flow from financing activities Increase in cash Effect of exchange rate change on cash Beginning balance in cash Ending balance in cash 541,858 171,548 6,094 X 0 0 63,900 S 177,642