AOS Industries Statement of Cash Flows for 2008 Operating activities Net Income 3.4 Depreciation and amortization 1.1 Cash effect of changes in Accounts receivable 2.1 Accounts payable 1 Inventory 0.9 Cash from operating activities 2.5 Investment activities Capital expenditures -2.2 Acquisitions and other investing activity -0.4 Investment activities Capital expenditures -2.2 Acquisitions and other investing activity -0.4 Cash from investing activities - 2.6 Financing activities Dividends paid -1.5 Sale or purchase of stock 2.1 Increase in short-term borrowing Increase in long-term borrowing Cash from financing activities 5.2 Change in Cash and Cash Equivalents 5.10 Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008? O A. $4.90 million B. $2.70 million C. $1.90 million 1.4 3.2 OD. $3.80 million