Question 93. .. An analyst compiled the following information for Universe, Inc., for the year ended December 31, 2016: Net income was $850,000. Depreciation expense was $200,000. Interest paid was $100,000. Income taxes paid were $50,000. Common stock was sold for $100,000. Preferred stock (8% annual dividend) was sold at par value of $125,000. Common stock dividends of $25,000 were paid. Preferred stock dividends of $10,000 were paid. Equipment with a book value of $50,000 was sold for $100,000. Using the indirect method, what was Universe, Inc.'s net cash flow from operating activities for the year ended December 31, 2016? a. $1,000,000 b. $1,015,000 C. $1,040,000 d. $1,050,000