2010	2011
Net sales	$69,400	$78,200
Cost of goods sold	$45,000	$50,200
Depreciation	$5,100	$6,100
Net Income	$13,000	$14,200
Finished goods inventory	$3,900	$2,900
Accounts receivable	$5,700	$8,700
Accounts payable	$3,900	$4,400
Net fixed assets	$40,400	$48,200
Year-end cash balance	$8,600	$13,500

During 2011 how much cash did Wicked Good Cupcakes collect from sales 2. During 2011 what was the cost of goods produced by the company? 3. Assuming that Wicked Good Cupcakes neither sold/salvaged assets during the year, what were the capital expenses during 2011? 4. Assuming that there were no financing cash flows during 2011, using the information from above, what was Wicked Good Cupcakes cash flow from operations in 2011? 5. Does your analysis of these selected financial data justify OLearys interest and partnership in Wicked Good Cupcakes? Explain. 6. Based on the analysis above; if you were a Shark Tank investor what would your offer be? Explain the rational for your offer.