This statement of cash flows on page 4 contains several errors. FIX THEM CHAPMAN COMPANY Statement of Cash Flows October 31, 2020 Cash flows from operating activities Cash received from customers $1,238,250 Cash payments: To suppliers To employees (684,000) (276,850) For other expenses (10,150) For dividends (105,000) For income taxes (43,000) (1,119,000) Net cash provided by operating activities $ (1,119,000) Cash flows from investing activities Purchase of plant assets (28,000) Sale of trading securities 15,000 Cash dividends received 12,000 Net cash used by investing activities (1,000) Cash flows from financing activities Cash received From common stock issue 20,000 From sale of bonds held to maturity 50,000 Cash paid: For interest (73,000) To retire bonds payable (30.000) Net cash used by financing activities Net increase in cash Cash, November 1, 2019 Cash, October 31, 2020 (33,000) $ (1,153,000) 20.000 $ (1,133,000)