Using the indirect method, what was U Inc.’s net cash flow from operating activities for the year ended December 31, 2013?

Using the indirect method, what was U Inc.’s net cash flow from operating activities for the year ended December 31, 2013?

An analyst compiled the following information for U Inc. for the year ended December 31, 2013:

? Net income was $1,700,000.

? Depreciation expense was $400,000.

? Interest paid was $200,000.

? 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.

? Preferred stock dividends of $20,000 were paid.

? Equipment with a book value of $100,000 was sold for $200,000.

Using the indirect method, what was U Inc.’s net cash flow from operating activities for the year ended December 31, 2013?


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