OPQ Enterprises provides the following details for the year ended December 31, 2037:

Account	12/31/2037	12/31/2036
Sales	21,600,000	20,400,000
Cost of goods sold	12,960,000	12,240,000
Selling expenses	2,160,000	2,040,000
Administrative expenses	540,000	510,000
Interest expense	300,000	280,000
Gain on sale of asset	160,000	-
Income tax expense	400,000	380,000

Additional information:

1. Depreciation of $600,000 is included in selling expenses and $200,000 in administrative expenses.
2. An asset was sold for $2,600,000 cash. This asset cost $2,800,000 and had a carrying value of $2,300,000.
3. New asset was purchased for $1,400,000 cash.
4. Declared and paid dividends of $800,000.
5. Purchased 3,200 treasury shares for $320,000.

Requirements:

1. Compute the cash flows from operating activities.
2. Calculate the cash flows from investing activities.
3. Determine the cash flows from financing activities.
4. Identify the ending cash balance.
5. Reconcile net income to net cash provided by operating activities.