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Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $2.60 million and depreciation of $266,000. Paige's Properties, Inc.'s 2017 and 2018 balance
Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $2.60 million and depreciation of $266,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars). Current assets Cash and marketable securities Accounts receivable Inventory Total 2017 2018 $ 4.60 $ 2.80 4.80 6.60 7.60 5.80 $17.00 $15.20 Current liabilities Accrued wages and taxes Accounts payable Notes payable Total 2017 2018 $ 1.16 $ 1.16 3.16 4.80 12.68 9.24 $17.00 $15.20 What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.? Multiple Choice $1,906,000 -$1,800,000 O $4,506,000 C $2,600,000
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