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 $2,000,000.
Depreciation expense was $550,000.
Interest paid was $275,000.
Income taxes paid were $137,500.
Common stock was sold for $230,000.
Preferred stock (8% annual dividend) was sold at par value of $280,000.
Common stock dividends of $80,000 were paid.
Preferred stock dividends of $22,400 were paid.
Equipment with a book value of $130,000 was sold for $260,000.
Using the indirect method, what was U Incorporated's net cash flow from operating activities for the year ended December 31,2024?

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