Response to the following problem:
Amazon.com, an Internet retailer, was incorporated in the early 1990s and opened its virtual doors on the Web shortly thereafter. On the statement of cash flows, would you expect Amazon.com's net cash flows from operating, investing, and financing activities to be positive or negative for its first three years of operation?
Use the following format for your answers, and briefly explain your logic.
Year 1 Year 2 Year 3
Net cash flows from operating activities negative
Net cash flows from investing activities
Net cash flows from financing activities