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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.20 million and depreciation of $252,000. The top part Ann's Flowers, Inc.'s 2007

Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.20 million and depreciation of $252,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).

Current assets: 2007 2008 Current liabilities: 2007 2008
Cash and marketable securities $3.20 $2.10 Accrued wages and taxes $1.02 $1.02
Accounts receivable 4.10 5.20 Accounts payable 3.02 4.10
Inventory

6.20

5.10

Notes payable

9.46

7.28

Total $13.50 $12.40 Total $13.50 $12.40

What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?

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