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Badger Corp. has the following income statement for 2020. Badger Corporation has the following balance sheets as of December 31, 2020 2019 Cash and equivalents

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Badger Corp. has the following income statement for 2020. Badger Corporation has the following balance sheets as of December 31, 2020 2019 Cash and equivalents $40,000 $ 24,000 Accounts receivables 48,000 41,500 Inventory 43,000 34,500 Prepaid & other current assets 19.000 15.000 Total current assets 150,000 $ 115,000 Fixed assets, net 26,000 38,000 Long-term investments 90.000 89.000 Total assets $ 266,000 $ 242,000 Sales $155.000 Cost of goods sold 83.000 Gross profit $ 72,000 Selling and admin 45,700 Depreciation expense 18.000 Operating income $ 8,300 Interest expense 2.000 Pretax income $ 6,300 Tax expense 800 Net income $ 5,500 Accounts payable Accrued liabilities Total current liabilities Long-term debt Total liabilities Common stock (par paid-in-cap) Retained earnings Total liabilities & stkholders' equity $ 13,000 55.000 $ 68,000 29.000 $ 97,000 112,000 57.000 $ 266,000 $ 11,000 71.000 $82,000 11.500 $ 93,500 97,000 51.500 $ 242,000 What was the company's cash flow from investing activities in 2020? O a. $7,000 outflow b. $6,000 outflow O c. 55,000 outflow O d. $3,000 outflow O e. $1,000 outflow

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