Managers of Sew It Seams Repairs are reviewing company performance for 2023. The income statement reports a 16 percent increase in net income, which is excellent. The balance sheet shows modest increases in assets, liabilities, and shareholders' equity. The assets with the largest increases are plant and equipment because the company is halfway through an expansion program. No other assets and no liabilities are increasing dramatically. A summarized version of the cash flow statement reports the following: Net cash inflow from operating activities $ 1,240,000 Net cash outflow from investing activities (1,140,000) Net cash inflow from financing activities $280,000 Increase in cash during 2023 $380,000 Required Write a memo to give top managers of Sew It Seams