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 $1,700,000.
Depreciation expense was $400,000.
Interest paid was $200,000.
Income taxes paid were $100,000.
Common stock was sold for $200,000.
Preferred stock (8% annual dividend) was sold at par value of $250,000.
Common stock dividends of $50,000 were paid.
Preferred stock dividends of $20,000 were paid.
Equipment with a book value of $100,000 was sold for $200,000.
Using the indirect method, what was U Incorporated's net cash flow from operating activities for the year ended December 31,2024?
Question 15 options:
A)
$2,000,000
B)
$2,030,000
C)
$2,080,000
D)
$2,100,000

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