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Statement of Cash Flows Ann's Flowers, Inc. reported 2008 net income of $1 million and depreciation of $250,000. The top part of Ann's Flowers, Inc.'s

Statement of Cash Flows Ann's Flowers, Inc. reported 2008 net income of $1 million and depreciation of $250,000. The top part of Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).

Current assets:

2007

2008

Current liabilities

2007

2008

Cash and marketable securities

$3

$2

Accrued wages and taxes

$1

$1

Accounts receivable

4

5

Accounts payable

3

4

Inventory

6

5

Notes payable

9

7

Total

$13

$12

Total

$13

$12

What is the 2008 net cash flow from operating activities for Ann's Flowers, Inc.?
$2,250,000
$1,250,000
$1,000,000
$-1,000,000

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