Question: Use the below information to answer the following question Net sales COGS Depreciation Income Statement For the Year $631,000 442.220 28.100 EBIT Interest $160.700 14.900

Use the below information to answer the following question Net sales COGS Depreciation Income Statement For the Year $631,000 442.220 28.100 EBIT Interest $160.700 14.900 Taxable income $145 800 Taxes 49,600 Net income $96.200 Balance Sheet Cash Accounts receivable Inventory Net fixed assets Beginning End of Year of Year $ 38,200 $43,700 91,400 86,150 203,900 214,600 516,100 | 537,950 Total assets $849,800 $882,400 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings $136.100 329,500 75,000 309.000 $104.300 298,200 82.000 397.900 Total Liab. & Equity $849,600 $882,400 What is the amount of the cash flow from investment activity for the year? $51,150 $21,850 $29,300 $49,950
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