Question: An analyst compiled the following information for U Inc. for the year ended December 31, 2021 Net income was $1,820,000 Depreciation expense was $460,000 Interest
An analyst compiled the following information for U Inc. for the year ended December 31, 2021 Net income was $1,820,000 Depreciation expense was $460,000 Interest paid was $230,000 Income taxes paid were $115,000 Common stock was sold for $212,000. Preferred stock 8% annual dividend) was sold at par value of $262.000. . Common stock dividends of $62,000 were paid. Preferred stock dividends of $20,960 were paid. - Equipment with a book value of $112,000 was sold for $224.000 Using the Indirect method, what was inc.'s net cash flow from operating activities for the year ended December 31, 2021? Multiple Choice $2.360.000 $2.280,000 5227040 52.209.040
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