Question: An analyst compiled the following information for U Incorporated for the year ended December 3 1 , 2 0 2 4 : Net income was

An analyst compiled the following information for U Incorporated for the year ended December 31,2024:
Net income was $1,740,000.
Depreciation expense was $420,000.
Interest paid was $210,000.
Income taxes paid were $105,000.
Common stock was sold for $204,000.
Preferred stock (8% annual dividend) was sold at a par value of $254,000.
Common stock dividends of $54,000 were paid.
Preferred stock dividends of $20,320 were paid.
Equipment with a book value of $104,000 was sold for $208,000.
Using the indirect method, what was U Incorporated's net cash flow from operating activities for the year ended December 31,2024?
Question 7 Select one:
a.
$2,056,000
b.
$2,160,000
c.
$2,143,680
d.
$2,089,680

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