Statement of Cash Flows Paige's Properties Incorporated reported 2018 net income of $2.00 million and depreciation of $260,000. Paige's Properties, Incorporated's 2017 and 2018 balance sheets are listed below (in millions of dollars). Current assets Cash and marketable securities Accounts receivable Inventory Total Multiple Choice 2017 $ 4.00 4.50 7.00 $ 15.50 $1,660,000 2018 $ 2.50 6.00 5.50 $ 14.00 Current liabilities Accrued wages and taxes Accounts payable Notes payable Total What is the 2018 net cash flow from operating activities for Paige's Properties, Incorporated? Hint: 1. Estimate the decrease in inventory, the increase in accounts payable, and the increase in accounts receivable; 2. Determine the sources and uses of cash; 3. To estimate the net cash flow from operating activities, add to net income the uses and then subtract the uses. Depreciation is considered a source. 2017 $ 1.10 3.10 11.30 $ 15.50 $ 2 SN $

Statement of Cash Flows Paige's Properties Incorporated reported 2018 net income of $2.00 million and depreciation of $260,000, Paige's Properties, Incorporated's 2017 and 2018 balance sheets are listed below (in millions of dollars). What is the 2018 net cash flow from operating activities for Paige's Properties, Incorporated? Hint: 1. Estimate the decrease in inventory, the increase in accounts payable, and the increase in accounts receivable: 2 . Determine the sources and uses of cash; 3 . To estimate the net cash flow from operating activities, add to net income the uses and then subtract the uses. Depreciation is considered a source. Multiple Choice $1,650,000 Statement of Cash Flows Paige's Properties Incorporated reported 2018 net income of $2.00 million and depreciation of $260,000, Paige's Properties, Incorporated's 2017 and 2018 balance sheets are listed below (in millions of dollars). What is the 2018 net cash flow from operating activities for Paige's Properties, Incorporated? Hint: 1. Estimate the decrease in inventory, the increase in accounts payable, and the increase in accounts receivable: 2 . Determine the sources and uses of cash; 3 . To estimate the net cash flow from operating activities, add to net income the uses and then subtract the uses. Depreciation is considered a source. Multiple Choice $1,650,000