True or false. MGM Corporation has net income $674,000 and depreciation expense during 2014 of $928,000. In 2014, the company increased its property, plant and equipment by $540,000. Also in 2014, total current assets increased by $81,000 and total current liabilities increased by $36, 400. The company repaid debt of $270,000 of long-term debt during 2014. Based on this information, MGM's cash flow from operating activities is $1, 557, 400. True False