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The following information is for B Inc.: Net income was $1,700,000. Depreciation expense was $400,000. Interest paid was $400,000. Income taxes paid were $100,000. Common

The following information is for B Inc.:

  • Net income was $1,700,000.
  • Depreciation expense was $400,000.
  • Interest paid was $400,000.
  • Income taxes paid were $100,000.
  • Common stock was sold for $200,000.
  • Preferred stock (8% annual dividend) was sold at par value of $250,000.
  • Common stock dividends of $50,000 were paid.
  • Equipment with a book value of $0 was sold for $200,000.

Using the indirect method, what was B Inc.'s net cash flow from operating activities?

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