The financial statements of Flathead Lake Manufacturing Company are shown below: Flathead Lake Manufacturing Income Statement 2017 Sales $9,850,000 Cost of Goods Sold 5,805,000 Depreciation Expense 572,000 Gross Profit $3,473,000 Selling and Administrative Expenses 2,750,000 EBIT. $ 723, 000 Interest Expense 255,000 Income before Tax $ 468,000 Taxes 299,000 Net Income $ 169,000 Flathead Lake Manufacturing Comparative Balance Sheets 2017 Cash $ 54, 000 $ Accounts Receivable 625,000 2016 23,000 666, 000 Flathead Lake Manufacturing Comparative Balance Sheets 2017 2016 Cash $ 54,000 $ 23,000 Accounts Receivable 625,000 666, 000 Inventory 592, 000 525,000 Total Current Assets $1,271,000 $1,214,000 Fixed Assets 2, 160,000 $1,499,000 Total Assets $3,431,000 $2,713, 000 Accounts Payable $ 320,000 $ 279,000 Bank Loans 491, 000 415,000 Total Current Liabilities $ 811, 000 $ 694,000 Long-term Bonds 1,610,000 1, 165,000 Total Liabilities $2,421,000 $1,859, 000 200,000 200,000 Common Stock (200,000 shares) 810,000 654,000 Retained Earnings Total Equity $1,010, 000 $ 854,000 $3,431,000 $2,713, 000 Total Liabilities and Equity Note: The common shares are trading in the stock market for $15 per share Next Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's cash flow from operating activities for 2017 was Multiple Choice $650,000 $767,000 $756,000 $741.000