?

Selected financial information for Kristina Company for the year just ended is shown below.

Net income.................................... $2,000,000

Increase in net accounts receivable ......300,000

Decrease in inventory .......................100,000

Increase in accounts payable............... 200,000

Depreciation expense......................... 400,000

Gain on the sale of available-for-sale securities ......................................................700,000

Cash receivable from the issue of common stock .........................................................800,000

Cash paid for dividends ......................80,000

Cash paid for the acquisition of land ...1,500,000

Cash received from the sale of available-for-sale securities ........................................2,800,000

Assuming the indirect method is used, Kristina’s cash flow from operating activities for the year is