P2-1. Statement of Cash Flows Omala Inc. reported 2017 net income of $10 million and depreciation of $2 million. The top part of Omala, Inc.'s 2016 and 2017 balance sheets is listed below (in millions of dollars). 2017 Current assets: 2016 Cash and securities $ 11 Accounts receivable 50 Inventory Total $ 115 2017 Current liabilities: 2016 $ 14 Accrued wages and taxes $ 12 56 Accounts payable 30 Notes payable 26 $ 150 Total $ 68 $13 34 54 80 32 $ 79 Calculate the 2017 net cash flow from operating activities for Omala, Inc.. Cash Flows from Operating Activities Net income Additions (sources of cash): Depreciation Increase accrued wages and taxes Increase in accounts payable Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operating activities