Vesey Chemicals Corp. (VCC) reported depreciation expense of $400,000 and net income of $1,600,000 on its most recent income statement. Changes in the balance sheet items from the previous year included: accounts receivable increased $80,000; inventory increased $80,000; and accounts payable increased by $60,000. Based on the above information, what was the Cash Flow from Operating Activities on the firm's Statement of Cash Flows?
Select one:
a. $1,100,000
b. $1,900,000
c. $2,100,000
d. $2,220,000