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Question (1) While analyzing the Shannon Company's 2011 and 2072 financial statements, you note the following: (000s omitted) Sales Depreciation expense Cash cost of goods sold Gross profit 2011 $ 9,000 100 6.000 $ 2,900 2012 $ 9,200 110 6.100 $ 2,990 Net fixed assets $ 1,200 $ 1,160 What is the combined cash impact of all purchases and sales of fixed assets in 2012? O A decrease of $70,000 O A decrease of $60,000 An increase of S40,000 O An increase of $90,000 Bookmark for review Submit