1. The net income for Cypress Inc. was $3 million for the current year. Additional information for the year is as follows: Depreciation on fixed assets Gain from cash sale of land $1,500,000 200,000 300,000 400,000 Increase in accounts payable Paid cash to purchase building Using the indirect method, the net cash provided by operating activities in the statement of cash flows for the current year should be: a. $ 4,200,000 b. $ 4,600,000 c. $ 4,500,000 d. $ 4,800,000