2014	2013
Assets
Cash and cash equivalents	102,850	89,725
Accounts receivable	103,365	85,527
Inventories	38,444	34,982
Total current assets	244,659	210,234
Net fixed assets	67,165	42,436
Total assets	311,824	252,670
Liabilities and equity
Accounts payable	30,761	23,109
Accruals	30,477	22,656
Notes payable	16,717	14,217
Total current liabilities	77,955	59,982
Long-term debt	76,264	63,914
Total liabilities	154,219	123,896
Common stock	100,000	90,000
Retained Earnings	57,605	38,774
Total common equity	157,605	128,774
Total liabilities and equity	311,824	252,670
Lilian Industries Income Statement
(in thousands of dollars)
				2014
Sales	$455,150
Expenses excluding depreciation and amortization	386,878
Depreciation and amortization	7,388
EBIT	$60,884
Interest expense	8,575
Taxable Income	$52,309
Taxes (40%)	20,924
Net Income	$31,386

1) Which of the following is the value of net cash flow from operation?

1)

$54,247

2)

$32,947

3)

$25,559

4)

$36,409

Constructing statement of cash flow: 2). What is the value of cash flow from investing activities?

Question options:

1)

-$32,117

2)

$36,409

3)

-$12,295

4)

$32,117