(Analyzing the cash flow Statement) Goggle, Inc. is an Internet firm that has experienced a period of very rapid growth in revenues over the period 2007-2010. The cash flow statements for Goggle, Inc. spanning the period are below. Choose the best answer for the following question using the information found in these statements:

What years did Goggle generate positive cash flow from its operations?

Goggle has generated positive cash flow from its operations during the years 2007 and 2008.

Goggle has generated positive cash flow from its operations during the years 2008 and 2009.

Goggle has generated positive cash flow from its operations during the years 2009 and 2010.

Goggle has generated positive cash flow from its operations during the years 2007, 2008, 2009, and 2010.

12 Months Ending 12/31/2010 12/31/2009 12/31/2008 12/31/2007 In Millions of U. S. Dollars Net income Depreciation expense Changes in working capital $4,000 1,010 600 $5,610 $(3,570) $(3,570) $370 $3,050 570 40 $3,660 S(6,980) S(6,980) $630 $1,490 310 40 $1.840 $(3,330) $(3,330) S0 $420 130 (200) $350 $(2,000) $(2,000) Cash from operating activities Capital expenditures Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt 2,370 4.400 1,190 $392 $2,432 $3,000 S(320) $4,396 Cash from financing activities Net change in cash $1,190 S(460)