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(19 of 42) An analyst compiled the following information for U Inc. for the year: Net income was $1,700. Depreciation expense was $400. Common stock

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(19 of 42) An analyst compiled the following information for U Inc. for the year: Net income was $1,700. Depreciation expense was $400. Common stock was sold for $200. Preferred stock (8% annual dividend) was sold at par value of $250. Common stock dividends of $50 were paid. Preferred stock dividends of $20 were paid. Equipment was sold for $200, generating a gain of $100. What was U Inc.'s cash flow from operating activities for the year? $2,000 $2,030. $2,080. $2,100

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