Statement of Cash Flows Omala Inc. reported 2017 net income of $10 million and depreciation of $2 million. The top part of Omala, Inc.’s 2016 and 2017 balance sheets is listed below (in millions of dollars).

Current assets:          2016       2017      Current liabilities:               2016   2017

Cash and securities   $ 11        $ 14       Accrued wages and taxes $ 12       $ 13 

Accounts receivable    50         56          Accounts payable                 30        34

Inventory                     54          80         Notes payable                      26         32

Total                            $ 115     $ 150              Total                         $ 68        $ 79

Calculate the 2017 net cash flow from operating activities for Omala, Inc..

Cash Flows from Operating Activities

Net income

Additions (sources of cash):

Depreciation

Increase accrued wages and taxes

Increase in accounts payable

Subtractions (uses of cash):

Increase in accounts receivable

Increase in inventory

Net cash flow from operating activities: