Comparative Balance Sheets, Year 2 Year 1 Cash $ 200 $ 500 Accounts 2,200 4,000 receivable Prepaid rent 3,000 1,000 Inventory 8,000 5,000 Land 19,000 13,000 Total assets $32,400 $23,500 Accounts $12.000 $ 6,500 payable Note payable 7.000 10.000 Common stock 6,400 1.500 Retained 7,000 5,500 earnings Total stk. $32.400 $23,500 equity Income Statement for Year 2 Sales revenue $20,000 Cost of goods (15,200) 4.800 Gross margin Fant sidens (1.000) Income Statement for Year 2 Sales revenue $ 20,000 Cost of goods sold (15,200) Gross margin 4,800 Rent expense (1,000) Net income $ 3.800 The amount of net cash flow from financing activities for Year 2 was $5,300 (6400) 200