P17-1B Top managers of Crane Furniture, Inc., are reviewing company performance for 20X2. The income statement reports a 20% increase in net income over 20X1. However, most of the increase resulted from an extraordinary gain on insurance proceeds from storm damage to a building. The balance sheet shows a large increase in receivables. The cash-flow state- ment, in summarized form, reports the following: Net cash outflow from operating activities. Net cash inflow from investing activities.. Net cash inflow from financing activities. Increase in cash during 20X2. $(80,000) 40.000 50.000 $ 10,000 Required Write a memo giving Crane managers your assessment of 20X2 operations and your outlook for the future. Focus on the information content of the cash-flow data.