Reference no: EM131768500

Question - A business has the following financial information at the end of the year:

                                                   Prior year          Current year

Net income                                                            $750,000

Depreciation expense                                             $150,000

Dividends paid                                                       $550,000

Accounts receivable              $1,500,000                  $2,000,000

Inventory                             $3,500,000                  $2,000,000

Accounts payable                  $350,000                     $500,000

Long term debt                     $2,300,000                   $3,000,000

Common stock                     $2,200,000                   $2,500,000

Retained earnings                 $6,150,000                   $6,350,000

Based on the financial information presented above, please help find net cash flow from operating activities for the current year.