You are given the following past information and assume the tax rate to be 45%

	2018	2017
( $ )
Net sales	10,500	9,800
Depreciation	200	160
Dividend paid	100	70
	End of 2018	End of 2017
Cash & m/s	650	580
Accounts receivable	1,000	930
Accounts payable	600	540
Inventory	1,100	1,070
Notes payable	180	130
Long term debt	4,000	3,800
Common shares	2,500	2,400
Net fixed assets	8,000	7,700

The cash flow from investments is:

The cash flow from financing is:

Net earnings ( NE ) in 2018 is: