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Historical Year 1 Year 2 Year 3 Revenue Growth % 27.2% 52.5% 14.4% COGS % Revenue 66.2% 64.1% 59.0% R&D % Revenue 2.4% 2.0% 1.9% SG&A % Revenue 11.1% 8.9% 8.3%Determine cash flows from operating activities using the following: Net income 2,127 Increases in accounts receivable 449 CAPEX 1,550 Decreases in inventories 1,083 Stock repurchases 615 Increases in accounts payable 182 Depreciation and amortization 1,283 Increases in long-term debt 3,000 Share based compensation 265 Increase in income taxes payable 103Use the following information to answer the question: Cash & cash equivalents 2,106 PP & E 12,138 Accounts receivable 2,632 Long-term debt 4,477 Other long-term liabilities 2,067 Shareholders' equity 19,454 Equity method investments 9,059 Prepaid expenses 284 Accounts payable 4,635 Inventories 6,852 Net sales 72,217 Interest expense 165 Short-term borrowings 570 Deferred tax liabilities 600 Cost of goods sold 51,098 Tax expense 1,445 Interest income 120 SG & A expenses 17,179 Goodwill 2,410 Accrued expenses 3,678