E12-8 The information in the table is from the statement of cash flows for a com pany at four different points in time (M, N, O, and P). Negative values are presented in parentheses. Point in Time Net cash provided by operating activities Cash provided by investing activities Cash provided by financing activities Net income (60,000) (100,000) 25,000 30,000 (40,000) 70,000 (90,000) (50,000)120,000 (38,000) 10,000 100,000 (5,000) 30,000 $120,000 $(10,000) Instructions Poreach point in time state whether the company is most likely in the introductory phase growth phase, maturity phase, or decline phase. In each case, explain your choice