The net income for Hudson Co. wsa $3 million for the year ended December 31, Year 1. Additional information is as follows: Depreciation on fixed assets $1,500,000 Gain from cash sale of land 200,000 Increase in accounts payable 300,000 Dividends paid on preferred stock 400,000 The net cash provided by operating activities in the statement of cash flows for the year ended December 31, Year 1 should be $4,600,000 $4,200,000 $4,500,000 $4,800,000