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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.00 million and depreciation of $250,000. The top part Ann's Flowers, Inc.'s 2007

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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.00 million and depreciation of $250,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.00$2.00 Current liabilities: 2007 2008 Accrued wages and taxes $1.00 $1.00 Accounts receivable Inventory Total 4.00 5.00 6.00 5.00 $13.00 $12.00 Accounts payable Notes payable Total 3.00 4.00 9.00 7.00 $13.00 $12.00 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? Multiple Choice $1,250,000 $2,250,000 $1,000,000 Accounts receivable Inventory Total 4.00 5.00 Accounts payable 6.00 5.00 Notes payable $13.00 $12.00 Total 3.00 4.00 9.00 7.00 $13.00 $12.00 What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? Multiple Choice $1,250,000 O $2,250,000 $1,000,000 O $1,000,000

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