Crystal Clear Cleaning reported the following balance sheets and income statement:
Balance Sheets at December 31
Year 2
Year 1
Cash
$ 1,400
$ 6,000
Accounts receivable
13,500
12,000
Inventory
9,800
4,500
Prepaid insurance
1,200
900
Equipment, net
37,500
38,000
Total assets
$63,400
$61,400
Accounts payable
$13,100
$12,600
Wages payable
7,400
8,000
Common stock
32,000
31,000
Retained earnings
10,900
Total liabilities & shareholders' equity
Income Statement for Year 2
Sales
$104,500
Cost of goods sold
49,500
Depreciation expense
6,700
Other operating expenses
27,800
Income taxes expense
6,000
Net income
$ 14,500
How much is the company's cash flow for investing activities
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