why is that wrong ??

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000 x $ Net cash provided by investing activities Net decrease in cash Cach halance at heninninn of voar $ 10,000 (150) in 55 Prey 5 of 5 earch o lo Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does no Current Year Prior Year $ 30,400 10,050 99, 100 130,550 49,990 (22,500) $157,950 $ 30,550 12,150 70,150 112,850 41,500 (15,300) $139,050 Assets Cash Accounts receivable, net Inventory Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity $ 23,989 500 24,400 $ 25,400 609 26,000 110,000 23,550 $157,950 100,000 13,050 $ 139,050 MONTGOMERY INC Income Statement For Current Year Ended December 31 Sales $ 45,575 Cost of goods sold 18,950) Gross profit 26,625 Operating expenses Depreciation expense $ 7,200 Other expenses 5,550 Prer 5 of 5 Next