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Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation of $268,000. The top part Ann's Flowers, Inc.'s 2007

Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $2.80 million and depreciation of $268,000. 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 $4.80 $2.90 Accrued wages and taxes $1.18 $1.18
Accounts receivable 4.90 6.80 Accounts payable 3.18 4.90
Inventory

7.80

5.90

Notes payable

13.14

9.52

Total $17.50 $15.60 Total $17.50 $15.60

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

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