An analyst compiled the following information for U Inc. for the year ended December 31, 2021:

• Net income was $1,920,000.
• Depreciation expense was $510,000.
• Interest paid was $255,000.
• Income taxes paid were $127,500.
• Common stock was sold for $222,000.
• Preferred stock (8% annual dividend) was sold at par value of $272,000.
• Common stock dividends of $72,000 were paid.
• Preferred stock dividends of $21,760 were paid.
• Equipment with a book value of $122,000 was sold for $244,000.

Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2021?

Multiple Choice

• $2,358,240.

• $2,308,000.

• $2,430,000.

• $2,430,240.