Question
Garret Company has provided the following selected information for the year ended December 31, 2019: Cash collected from customers was $784,000. Cash received from stockholders
Garret Company has provided the following selected information for the year ended December 31, 2019: Cash collected from customers was $784,000. Cash received from stockholders in exchange for common stock totaled $84,000. Cash paid to suppliers was $368,000. Cash paid to employees was $208,000. Cash to stockholders for dividends was $48,000. Cash received from sale of a building was $240,000. Cash paid for store rent was $34,000. Cash received for interest and dividends was $7,000. Cash paid for income taxes was $54,000. Based on the selected information provided, how much was Garret's cash flow from operating activities?
Multiple Choice
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$367,000
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$211,000
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$127,000
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$79,000
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