What amount should be reported as cash flow

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Question - Santana Company provided the following information for the current year:

December 31 January 1

Cash 1,500,000 1,000,000

Retained earnings 7,000,000 5,400,000

Cash flow from operating activities ?

Cash flow from investing activities (4,800,000)

Cash flow from financing activities 1,800,000

Dividends declared and paid 2,000,000

Net income 3,600,000

Required - What amount should be reported as cash flow from operating activities?

a. 3,500,000

b. 4,500,000

c. 3,600,000

d. 2,500,000

Reference no: EM132624666

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