The financial statements of Flathead Lake Manufacturing Company are shown below:

Flathead Lake Manufacturing Company
Income Statement 2020
Sales	$ 9,500,000
Cost of Goods Sold	5,770,000
Depreciation Expense	558,000
Gross Profit	$ 3,172,000
Selling and Administrative Expenses	2,400,000
EBIT	$ 772,000
Interest Expense	220,000
Income before Tax	$ 552,000
Taxes	347,000
Net Income	$ 205,000

Flathead Lake Manufacturing Company
Comparative Balance Sheets
	2020	2019
Cash	$ 61,000	$38,000
Accounts Receivable	590,000	624,000
Inventory	536,000	476,000
Total Current Assets	$ 1,187,000	$ 1,138,000
Fixed Assets	2,090,000	$ 1,436,000
Total Assets	$ 3,277,000	$ 2,574,000
Accounts Payable	$ 313,000	$ 286,000
Bank Loans	484,000	408,000
Total Current Liabilities	$ 797,000	$ 694,000
Long-term Bonds	1,540,000	1,060,000
Total Liabilities	$ 2,337,000	$ 1,754,000
Common Stock (200,000 shares)	200,000	200,000
Retained Earnings	740,000	620,000
Total Equity	$ 940,000	$820,000
Total Liabilities and Equity	$ 3,277,000	$ 2,574,000

Note: The common shares are trading in the stock market for $10 per share Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's cash flow from operating activities for 2020 was __________.

Multiple Choice

$789,000

$763,000

$764,000

$686,000