How much was garret cash flow from operating activities

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Reference no: EM132616569

Garret Company has provided the following selected information for the year ended December 31, 2014:

Cash collected from customers was $787,000.

Cash received from stockholders in exchange for common stock totaled $87,000.

Cash paid to suppliers was $374,000.

Cash paid to employees was $214,000.

Cash to stockholders for dividends was $51,000.

Cash received from sale of a building was $270,000.

Cash paid for rent was $37,000.

Cash received for interest and dividends was $3,000.

Cash paid for income taxes was $57,000.

Problem 1: Based on the selected information provided, how much was Garret's cash flow from operating activities?

Option 1: $108,000

Option 2: $378,000

Option 3: $57,000

Option 4: $195,000

Reference no: EM132616569

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