Question 17 (3 points) Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 2012 Cash 800 300 Accounts receivable 3,700 8,400 12,900 3,000 Inventory 10,200 13,500 42,600 Current assets Net fixed assets 34,500 Total assets 47,400 56,100 Notes payable Accounts payable 1,600 1,000 800 Accruals 600 700 Current liabilities 1,600 3,100 Long-term debt Common stock 10,700 10,000 6,000 8,000 Capital surplus Retained earnings Total liabilities and equity 24,100 10,900 18,900 10,200 47,400 56,100 Inventory Current assets Net fixed assets 8,400 10,200 13,500 12,900 42,600 34,500 Total assets 47,400 56,100 1,600 Notes payable Accounts payable 1,000 800 700 600 Accruals Current liabilities 1,600 3,100 10,000 8,000 Long-term debt 10,700 6,000 Common stock Capital surplus Retained earnings 24,100 18,900 10,900 10,200 56,100 47,400 Total liabilities and equity In its 2011 income statement, Thompson Inc. reported net income of $1,060 and depreciation expense of $500. On its 2012 income statement, the company reported net income of $2,050 and depreciation expense of $580. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above), compute Net Cash Flows from Operating Activities for Thompson in 2012