Beta entered into a contract to install a pipeline for a fixed price of 500,000. Beta recongizes revenue on a percentage of completion. The following summarizes costs for the life of the project:

Costs incurred Year 1: 75,000 Year 2: 250,000. Year 3: 250,000

Est costs to complete. Year 1: 300,000 Year 2: 225,000 Year 3: 0

Use the information on the last page to answer the following questions about the statement of cash flows 21. What are cash flows from operating activities? What are cash flows from Investing activities? What are cash flows from financing activities