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31. Statement of Cash Flows Paige's Properties Inc. reported 2013 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, lnc.'s

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31. Statement of Cash Flows Paige's Properties Inc. reported 2013 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, lnc.'s 2012 and 2013 balance sheets is listed as follows (in millions of dollars). Current assets 2012 2013 Current liabilities 2012 201 3 Cash and marketable Accrued wages and securities $ 10 $ 20 taxes $ 5 $ 11 Accounts receivable 20 34 Accounts payable 25 29 Inventory 10 l 1 Notes payable 10 2 5 Total $ 40 $ 65 Total $ 40 $ 6 5 What is the 2013 net cash flow from operating activities for Paige's Properties, lnc.? A. -$13,500,000 B. $1,500,000 C. $5,000,000 D. $6,500,000

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