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Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Alex Company reports

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Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Alex Company reports the following activity: Sales on account Cash sales Decrease in accounts receivable Decrease in accounts payable Increase in inventory Cost of good sold $2,100,000 1,110,000 915,000 183,000 72,000 1,575,000 What is the amount of net cash from operating activities reported by Alex Company for the year ended December 31, 2018? Select one: O a. $4,125,000 O b. $3,210,000 O c. $3,015,000 O d. $2,295,000

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