The comparative balance sheet of Del Ray Enterprises Inc. at December 31, 2016 and 2015, is as follows:

1		Dec. 31, 2016	Dec. 31, 2015
2	Assets
3	Cash	$146,480.00	$179,640.00
4	Accounts receivable (net)	225,010.00	241,920.00
5	Merchandise inventory	321,600.00	298,870.00
6	Prepaid expenses	13,030.00	10,420.00
7	Equipment	654,380.00	537,900.00
8	Accumulated depreciation-equipment	(169,970.00)	(133,130.00)
9	Total assets	$1,190,530.00	$1,135,620.00
10	Liabilities and Stockholders Equity
11	Accounts payable (merchandise creditors)	$250,960.00	$236,720.00
12	Mortgage note payable	0.00	335,410.00
13	Common stock, $10 par	75,000.00	25,000.00
14	Paid-in capital: Excess of issue price over parcommon stock	440,000.00	310,000.00
15	Retained earnings	424,570.00	228,490.00
16	Total liabilities and stockholders equity	$1,190,530.00	$1,135,620.00

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2016 are as follows:

A.	Net income, $348,560
B.	Depreciation reported on the income statement, $82,480
C.	Equipment was purchased at a cost of $162,120 and fully depreciated equipment costing $45,640 was discarded, with no salvage realized.
D.	10,000 shares of common stock were issued at $18 for cash.
E.	The mortgage note payable was not due until 2018 but the terms permitted earlier payment without penalty.
F.	Cash dividends declared and paid, $152,480

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section and enter in the order listed on the Instructions page.

Labels and Amount Descriptions
Cash paid for dividends
Cash paid for equipment
Cash paid for merchandise
Cash paid for purchase of equipment
Cash paid for purchase of land
Cash paid to retire mortgage note payable
Cash received from customers
Cash received from sale of common stock
December 31, 2016
Decrease in cash
Decrease in inventory
Decrease in accounts payable
Decrease in accounts receivable
Decrease in prepaid expenses
Depreciation
For the Year Ended December 31, 2016
Gain on disposal of equipment
Gain on sale of investments
Increase in accounts payable
Increase in accounts receivable
Increase in cash
Increase in inventory
Increase in prepaid expenses
Loss on disposal of equipment
Loss on sale of investments
Net cash flow from financing activities
Net cash flow from investing activities
Net cash flow from operating activities
Net cash flow used for financing activities
Net cash flow used for investing activities
Net cash flow used for operating activities
Net income
Net loss

To help out, here are the answers that I inputted, with the red box indicating a wrong answer:

Score: 81/158 Del Ray Enterprises Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 2 Net income 3 Adjustments to reconcile net income to net cash flow from operating activities: $155,560.00 82,480.00 5 Changes in current operating assets and Liabilities: Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable 16,910.00 (22,750.00 (2,610.00) 4,240.00 40Net cash flow from operating activities S235,850.00 12 Cash flows from investing activities: Less: Cash paid for equipment $(162,120.00) 4Net cash flow from operating activities (162,120.00) 15 asn rlows trom hnancing activities: $152,480.00 Cash paid for dividends 18 Less: Cash paid for dividends 9Less: Cash received from sale of common stock 20Increase in cash 21 Cash received from sale of common stock 22Cash at the beginning of the year 23 Cash at the end of the year $152,480.00 583,000.00 (535,480.00) $(33,160.00) 179,640.00 $146,480.00