The net income for Cypress Inc. was $3,000,000 for the year ended December 31. Additional information is as follows: Depreciation on fixed assets $1,500,000 Gain from cash sale of land 200,000 Increase in accounts payable 300,000 Dividends paid on preferred stock 400,000 The net cash provided by operating activities in the statement of cash flows for the year ended December 31 should be a. $4,200,000. b. $4,500,000. c. $4,600,000. d. $4,800,000.

Question

The net income for Cypress Inc. was $3,000,000 for the year ended December 31. Additional information is
as follows:
Depreciation on fixed assets $1,500,000
Gain from cash sale of land 200,000
Increase in accounts payable 300,000
Dividends paid on preferred stock 400,000
The net cash provided by operating activities in the statement of cash flows for the year ended December 31
should be
a. $4,200,000.
b. $4,500,000.
c. $4,600,000.
d. $4,800,000.

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