please answer the following questions using the information provided.

$7-13.$ Proprietary Fund Statement of Cash Flows. $(\backslash (\backslash$square $\backslash )$ LO$7-2$ and $\backslash (\backslash$square $\backslash )$ LO $7-5)$ The City of Cypress has prepared the following statement of cash flows for its sole proprietary fund.

The City of Cypress

Statement of Cash Flows

Proprletary Fund

For the Year Ended December $31$

Cash provided from operations

Cash flows from Investing actlvities:

Cash provided from investing activities

Cash flows from financing actlvitles:

The statement as presented is not in accordance with GASB standards. Identify the errors and explain how the errors

should be corrected in order to conform with GASB standards.