Question: An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,960,000. Depreciation expense was $530,000. Interest

 An analyst compiled the following information for U Inc. for the

An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,960,000. Depreciation expense was $530,000. Interest paid was $265,000. Income taxes paid were $132,500. . Common stock was sold for $226,000. Preferred stock (8% annual dividend) was sold at par value of $276,000. Common stock dividends of $76,000 were paid. Preferred stock dividends of $22,080 were paid. Equipment with a book value of $126,000 was sold for $252,000. 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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