Cash Flows The following (partial) financial statements are from the 2012 Annual Report of the Niagara Company:

Income Statement for Year Ended December 31, 2012

Sales $ 19,000

Cost of goods sold (9,600) suppliers 5,600

Depreciation expense (2,000)

Sales and general expense (5,000)

Interest expense ( 500)

Income tax expense (400)

Net income $ 1,500

Balance Sheets at December 31, 2011 and 2012

2012 2011

Assets

Cash $ 50 $ 60

Accounts receivable 2,500 1,520

Inventory 7,500 7,300

Current assets 10,050 $8,880

Fixed assets (net) 9,850 9,000

Total assets $19,900 $17,880

Liabilities and equity

Salaries Payable $1,500 $ 750

Accounts payable 2,590 1,700

Interest payable 1,400 2,000

Total Current liabilities $5,490 $4,450

No equipment was sold during the year. COGS includes $2,000 of materials purchased from suppliers, $3,600 of Overheads purchased from suppliers and $4,000 of Direct Labor. Prepare the direct cash flow statement operating section

No equities are involved.

	Income Statement	Cash
Cash Collections from Customers
Cash payment to Suppliers	9600	5600+200 (inv)-890 (AP)
Cash paid to employees
Cash paid as interest
Cash paid as taxes
Cash from Operations

Cash paid for Fixed Assets ___________________________

Assuming that there were no other investing transactions, what was the net cash flow from financing activities? _____________________________