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

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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