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Use the information below to determine cash flow from operations for 2 0 2 2 . Summary Balance Sheet Information 2 0 2 2 2

Use the information below to determine cash flow from operations for 2022.
Summary Balance Sheet Information 20222021
Cash $900 $720
Accounts receivable 600540
Inventory 360720
Prepaid insurance 270360
Plant and equipment 1,8001,530
Accumulated depreciation (720)(540)
Accounts payable 1,140900
Bonds payable 450360
Common stock 1,2601,260
Retained earnings 360810
Summary Income Statement Information
Revenue $9,900
COGS (3,000)
Gross Profit 6,900
Depreciation Expense (360)
Rent Expense (2,400)
Salary Expense (2,610)
Income from Operations 1,530
Gain on Sale 90
Net Income $1,620
Cash Flow from Operations for 2022 is:
Select one:
a. $2,430
b. $1,980
c. $1,620
d. $2,520
e. None of these are correct.

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