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Question 25 (3 points) An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,740,000. Depreciation
Question 25 (3 points) An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,740,000. Depreciation expense was $420,000. Interest paid was $210,000. Income taxes paid were $105,000. Common stock was sold for $204,000. Preferred stock (8% annual dividend) was sold at par value of $254,000. Common stock dividends of $54,000 were paid. Preferred stock dividends of $20,320 were paid. Equipment with a book value of $104,000 was sold for $208,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2021? A) $2,089,680. B) $2,056,000. C) $2,143,680. OD) $2,160,000
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