Why doesnt this balance? Please fix it (There are 5 or fewer mistakes.) Statement of Cash Flows -Troubleshooting Homework End of Beginning Current year 900,000 700,000 200,000 135,000 65,000 Balance sheet year of year Change Income statement 76,000 42,000 34,000 Sales Accounts receivable Inventory 8,000 94,000 (6,000) Gross profit 280,000 243,00037,000 Operating expenses 280,000 210,000 70,000Income from operations Total current assets Equipment, at cost Less: Accum. depreciation (80,000) (67,000) (1000Other income & (expense) Net bookvalue of equipmen 200,000 143,000 57,000 480,000386,000 94,000 Interest expense Interest income Loss on sale of equipment (12,500) 1,500 Total assets Accounts payable Interest payable 70,000 81,000 (11,000) Total other income/(expense) 7,000 4,000 3,000 Income before taxes 77000 85,000(8,000Income tax expense (15,000) 50,000 20,000 30,000 Total current liabilities Notes payable 235,000 176,000 59,000 Net income Total liabilities Common stock Additional paid-in capital Retained earnings 312,000261,00051,000 40,000 30,000 10,000 00)00) 103,000 75,000 28,000 168,000125,000 43,000 480,000386,000 94,000 25,00020,000 Total S.H. equity Total liabilities & equity Additional information: Equipment that originally cost 15,000 with accumulated depreciation of 8,000 was sold during the year for cash. The company also had 75,000 of new borrowing during the year. Depreciation expense is included as part of the amount for operating expenses in the income statement