what is wrong with it

P12-1 (Algo) Preparing a Statement of Cash Flows (Indirect Method) LO12-1, 12-2, 12-4,12-6 Sharp Screen Filims, Inc., is developing its annual financial statements at December 31, current year. The statements are complete except for the stotement of cash fows. The completed comparative balance sheets and income statement are summatized as follows. Adoitional Dat: a. Beught equipment for cash, $60,250. b. Pald $13,200 on the long-term note payable. c. Issued new shares of stock lor $35,500cash. d. Dividends of $9.950 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only imventory purchases made on credit. Exrecks my wark bethatived atingunisbe