2. Peel Engineering had the following cash flow statement for the year ended Dec 31, 20-2.(C-20) PEEL ENGINEERINGSTATEMENT OF CASH FLOWSYEAR ENDED DECEMBER 31, 20-2 Cash Flowfrom Operating Activities Cash receipts from customers $24 000Cash payments to suppliers (3 000)Cash payments for salaries (21 000)Cash payments for rent (4 000)Cash payments for interest (300)Cash payments for other operating expenses (700)(5 000)Cash Flowfrom Investing ActivitiesCash receipts for sale of equipment 7 050Cash Flowfrom Financing ActivitiesIncrease in bank loan 100Decrease in loan payable (150)(50)Increase in Cash 2000SummaryBeginning Balance of Cash $1 000Increase in Cash 2000Ending Balance of Cash $3 000 Does PEEL Engineering have a healthy cash flow? In your response, refer to the cash flowfrom Operating, Investing, and Financing Activities and connect/integrate the threeactivities and provide a clear analysis of the Company