Identify any weaknesses revealed by the statement of cash flows of New York Apple Farms,Inc. New York

Identify any weaknesses revealed by the statement of cash flows of New York Apple Farms,Inc.

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New York Apple Farms, Inc. Statement of Cash Flows For the Current Year Operating activities: Net income S 67,100 subtract noncash items: Depreciation Net increase in current assets other than cash Net decrease in current liabilities 11,250 (53,500) exclusive of short-term debt Net cash provided by operating activities 19,750 (62,000) 5,100 Investing activities: Sale of property, plant, and equipment 124,200 Financing activities: Issuance of bonds payable Payment of short-term debt Payment of long-term debt Payment of dividends S 117,050 (180,525) (89,025) (39,500) Net cash used for financing activities Increase (decrease) in cash S (62,700)