Precision Tools 2021 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net Income $36,408 28,225 1.760 6,423 510 5,913 2.070 $3.843 Precision Tools 2020 and 2021 Balance Sheets 2020 2021 2020 2021 24 7.250 Cash 2,060 1,003 Accounts 8,384 payable Accounts 3,411 4,218 receivable Inventory 18.776 21.908 24,247 27,129 Long-term debt Common stock Retained 9,800 11,500 15,000 17,500 6.357 Net fixed assets 14.160 14.080 3.825 earnings Total liability & equity Total assets 38.407 41.209 38.407 41.209 Inventory 18.776 21.908 24,247 27,129 Long-term debt Common stock 9,800 11,500 17,500 3,825 15,000 Net fixed assets 14.160 14.080 Retained 6.357 earnings Total liability & equity Total assets 38.407 41.209 38,407 41.209 How does accounts receivable affect the statement of cash flows for 2021? a use of $807 of cash as an operating activity a use of $4,218 of cash as an investment activity a source of $807 of cash as an operating activity a use of $4,218 of cash as a financing activity a source of $807 of cash as an investment activity