Find the cash flow from operating activities in 2011

2010. 2011

sales. 2,000,000. 2,000,000

depreciation. 90,000. 60,000

net income. 200,000. 150,000

cash. 75,000. 30,000

receivables. 300,000. 420,000

inventory. 600,000. 750,000

net fixed assets. 500,000. 275,000

total assets. 1,475,000. 1,475,000

Ap. 200,000. 125,000

accruals. 100,000. 200,000

bank debt 200,000 125,000

long term debt 400,000 300,000

CS 200,000 200,000

APIC 175,000 175,000

RE. 200,000. 350,000

A (25,000)

B (35,000)

C (50,000)

D (45,000)

E none