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.