Business
Business, 30.04.2021 16:50, salihanegawo

An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $2,060,000. Depreciation expense was $580,000. Interest paid was $290,000. Income taxes paid were $145,000. Common stock was sold for $236,000. Preferred stock (8% annual dividend) was sold at par value of $286,000. Common stock dividends of $86,000 were paid. Preferred stock dividends of $22,880 were paid. Equipment with a book value of $136,000 was sold for $272,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2021

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