While analyzing Tektron's statement of cash flows, you note that there was a net cash outflow from investing activities of $87,000, while cash provided by operations was $95,000. This means that

• The next step in the analysis is to examine the financing section and the schedule of noncash financing and investing activities

• The next step in the analysis is to examine the schedule of noncash financing and investing activities

• Tektron only had a net increase in cash of $7,000

• Tektron is spending too much on investing activities

• The next step in the analysis is to examine the financing activities section