Use the following Financial statements to answer: Additional Information: - Operating expenses include depreciation expense of $3,500,000 - Accounts Payable related to the purchase of inventory - Equipment that cost $3,900,000 was sold at a gain of $1,000,000 - New equipment was purchased during the year for $2,500,000 - Dividends declared and paid in 205 totaled $1,900,000 - Common shares were sold for $2,000,000 cash - Interest payable in 205 was $240,000 greater than interest payable in 204 What is the total cash payments for interest when the direct cash flow method is used? Multiple Choice $200 $40 $160 $440 None of the other alternatives are correct