Compurative Balance Sheets, December 31 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 payable $12,000 $ 6,500 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) sold Gross margin 4.800 Rent expense (1,000) Net Income $ 3,900 Income Statement for Year 2 Sales revenue $20,000 Cost of goods (15,200) sold Gross margin 4,800 Rent expense (1,000) Net income $3,800 The amount of net cash flow from operating activities for Year 2 was $6,100 $9,100 $600