Upon review of Bert's Statement of Cash Flows, the following was noted: Cash flows from Operating activities: $60,000 Cash flows from Investing activities: (125,000) Cash flows from Financing activities: 115,000 From this information, the most likely explanation is that Bert is: 1) Using cash from operations and borrowing to purchase long term assets 2) Using cash from operations and selling long term assets to pay back debt. 3) Using its profits to expand growth 4) Using cash from investors to provide for operations