Santana Company provided the following information for the current year:

December 31 January 1

Cash 1,500,000 1,000,000

Retained earnings 7,000,000 5,400,000

Cash flow from operating activities ?

Cash flow from investing activities (4,800,000)

Cash flow from financing activities 1,800,000

Dividends declared and paid 2,000,000

Net income 3,600,000

What amount should be reported as cash flow from operating activities?

3,500,000

4,500,000

3,600,000

2,500,000