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
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