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Use the below information to answer the following question. Income Statement For the Year Net sales $631,000 COGS 442,220 Depreciation 28,100 EBIT $160,700 Interest 14,900

Use the below information to answer the following question.

Income Statement
For the Year
Net sales $631,000
COGS 442,220
Depreciation 28,100
EBIT $160,700
Interest 14,900
Taxable income $145,800
Taxes 49,600
Net income $96,200
Balance Sheet
Beginning of Year End of Year
Cash $ 38,200 $43,700
Accounts receivable 91,400 86,150
Inventory 203,900 214,600
Net fixed assets 516,100 537,950
Total assets $849,600 $882,400
Accounts payable $136,100 $104,300
Long-term debt 329,500 298,200
Common stock ($1 par value) 75,000 82,000
Retained earnings 309,000 397,900
Total Liab. & Equity $849,600 $882,400
What is the amount of the cash flow from investment activity for the year?
$51,150
$21,850
$29,300
$49,950
$39,400

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