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NEW TOPIC Corporation Balance Sheet NEW TOPIC Corporation Balance Sheet (in Smillions) Assets Liabilities & Owner's Equity Last Year Current Year Last Year Current Year

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NEW TOPIC Corporation Balance Sheet NEW TOPIC Corporation Balance Sheet (in Smillions) Assets Liabilities & Owner's Equity Last Year Current Year Last Year Current Year Current Assets Current Liabilities Cash $ 213 $ 385 $ 445 *.. Hig 201 457 201 Accounts Receivable Inventory Total S 281 Accounts Payable Notes 461 Payable 554 Total $ 1.296 Long- Term Debt $ 586 665 $ 1,335 $ 6-46 Adve Supp $ 2,998 3,015 Fixed Assets PP &E S 5,124 S 6,4428 Total Liabilities $ 3,584 $ 3,661 909 1214 Accumulated Dep: Accumulated Dep. 909 1,274 Net PP&E $_4,215 $ 5,154 Owners' Equity $_1,966 $2789 Total Assets $ 5,550 Total $ 6,450 Liab. And Equity S 5,550 $ 6,450 Hie NEW TOPIC Corporation Income Statement --Current Year NEW TOPIC Corporation Current Year Income Statement in Smillions) Sales $ 2,877 Cost of Goods Sold 1,012 Depreciation 565 Earnings Before Interes and Taxes $1.500 Ach Supe Earnings Before Taxes Taxes Net Income $1,500 520 980 S Retained Earnings Dividends 823 157 S Net Income 980 Retained Earnings Dividends 823 $ $ 157 Use the financial statements for NEW TOPIC Corporation to answer the following question. What is the cash flow from operations in millions? $980 O $1.512. $1,345 $2.877 O None of the above

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