Question 21 (4 points) Given below is the 2017 cash flow statement for Birch Company: Cash flows from operating activities: Cash receipts form operating activities Cash payments for operating activities 850,000 (550,000) Net cash provided by operating activities $300,000 Cash flows from investing activities Cash paid for capital expenditures Net cash used by investing activities (160,000) Cash flows from financing activities Issuance of common stock Issuance of notes payable Dividends paid 70,000 50,000 (80,000) 40,000 $180,000 Net increase in cash Birch's 2017 free cash flow is: O 1) $300,000 O 2) $220,000 3) $60,000 4) $140,000