June's Camera Shop sells cameras and photographic supplies of all types to retail customers. June's also repairs cameras and provides color prints. To compete with other camera departments, June's offers fast, efficient, and effective repairs and photographic processing. For fiscal 2019 and 2018, June's accountant prepared the following statements of cash flows:
June's Camera Shop
Statements of Cash Flows
For the years ended January 31, 2019 and 2018

Required:
1. Does June's Camera Shop appear to have grown (in terms of property, plant, and equipment) during the past 2 years?
2. June's president, June Smith, would like to open a second store. Smith believes that $225,000 is needed to equip the facility properly. The business has $100,000 of cash and liquid investments to apply toward the $225,000 required. Do the data in the 2019 and 2018 statements of cash flow suggest whether or not June's Camera Shop is likely to be able to secure a loan for the remaining $125,000 needed for the expansion?
3. How long should it take June's Camera Shop to pay back the $125,000?

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2019 2018 Cash flows from operating activities Net income $ 87,000 $ 63,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in wages payable Increase in income taxes payable Total adjustments Net cash provided by operating activities $ 41,000 (17,000) (19,000) 15,000 11,000 6,000 $ 37,000 (12,000) (11,000) 14,000 5,000 3,000 37,000 $124,000 36,000 $ 99,000 Cash flows from in vesting activities Purchase of long-term investments Purchase of equipment Net cash used by investing activities $(15,000) (45,000) $(10,000) (40,000) (60,000) (50,000) Cash flows from financing activities Principal payments on mortgage Payment of dividends Net cash used by financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $(15,000) (12,000) $(15,000) (10,000) (27,000) $ 37,000 (25,000) $ 24,000 134,000 158,000 $195,000 $158,000